Prices down

Hold on vancouver home prices down 3.9% this march 2013. Watching closely as this spring market will be a big data point for sentiment which seems to be turning ....as people see languishing for sale signs dot the city.

Real estate sales burnaby

Burnaby real estate sales counts 2010-2013

Downtown vancouver condos value plummets

“As Vancouver’s condo market plummets, former prime minister Kim Campbell is suing a developer in an effort to get out of her pre-sale contract for a $1.8-million downtown condo.

Richmond price drops

“news from the trench…7940 Gabriola Crescent, Richmond:
Sold January 19, 2011 $990,000
Sold April 26, 2011 $1,130,000
Sold Feb 21, 2013 $898,000″

Cmhc repos

The Canada Mortgage and Housing Corporation (CMHC) has stated that real estate brokers should not indicate that the property is a repossession. We inquired with the CMHC, and they informed us that this publication rule stems from a national policy that applies to all Canadian provinces. - - See more at: http://www.greaterfool.ca/2013/02/27/oh-canada/#comments

How high housing prices hurt us.

Instead, we were given a decade of doubling housing prices which predictably sucked the spending power from the average consumer’s budget and off-shored hundreds of thousands of jobs to countries whose citizens don’t require high wages for half-million dollar bungalows.

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