Tuesday, August 2, 2011

Oh- Victoria


Here is the graph from the VREB.



A $50K drop Average drop in SFH prices month on Month!

That's huge : -8%! in one month.

Flat year on year and Townhouses are down Year on Year by about -7%. Condos are down marginally YOY.

The housing bear has landed in Victoria. Here is the VREB press release which is refreshingly honest.

2 comments:

  1. Not convincing. However, dig into the historical stats and look at sales numbers and median prices. No crash, but it is looking a little sick.

    http://www.vreb.org/pdf/historical_statistics/MSS0607.pdf
    http://www.vreb.org/pdf/historical_statistics/MSS0707.pdf
    http://www.vreb.org/pdf/historical_statistics/MSS0807.pdf
    http://www.vreb.org/pdf/historical_statistics/MSS0907.pdf
    http://www.vreb.org/pdf/historical_statistics/MSS1007.pdf
    http://vreb.org/pdf/vrebmss.pdf

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