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Vancouver Real Estate after an Earthquake?


Vancouver, BC


John Birger (CNN Money) writes "Consider Hurricane Hugo, the category 4 brute that ravaged Charleston, S.C. in September 1989. Three months after the deluge, real estate prices in Charleston were still up 6%, year over year. Similar story in San Francisco following the October 1989 earthquake: By December, San Francisco home prices had risen 16% from the previous year". Real Estate is resilient. Banks do not lend on damaged homes until repairs are made. Prices soften over short term however recover.