OK first (sales/total listing/ MOI)
221/ 5059 = 23
134/ 1663 = 19
143/ 1663= 29
413/ 9305 = 23
395/4300 = 11
From the Victoria RE Board
'A total of 395 homes and other properties sold in September through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®), down from the 425 sales in August. There were 776 sales in September of last year. '
Like we saw in Vancouver the average SFH price bounced a little , even as sales were down- half last years.
ie more expensive properties are selling. Though they are still down 10% from the peak and condos look like they are sliding down a very slippery slope.
All well into bear territory. Lets just go over that again. At CURRENT sales it will take two years to sell all the properties listed in the OK. That would mean the over-priced or crappy stuff never gets sold.
The struggling Canadian canary - Back in March, I wrote about the new Fragile Five, which were five highly leveraged developed market economies that were undergoing property booms. The fiv...
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