Tuesday, January 3, 2012

dang@Victoria.re


Victoria SFH dropped 8.4% Dec 10-Dec 11

A $50K drop YOY!

December numbers are always a bit skewed.

However the annual sales numbers for 2011 was the lowest for 5 years, lower than 2008!

That would suggest Victoria is in a full out housing recession.

We should get the official VREB numbers soon.

Also the YOY numbers for the FVREB should be interesting.

2 comments:

  1. Take a look at the attached chart Larry just posted. If Jan is another bad month you can start calling this an actual trend.

    ReplyDelete
  2. Holy Shit, this could become a tsunami of downward prices, the whole fucking market could come apart, from Victoria to Whistler to the valley and into the fucking West Side paradise.

    I seriously think we could see shit totally fall apart in a matter of MONTHS!!!!!!

    Everyone "KNOWS" what this is, so as this starts to sweep through the streets the fucking wheels could come blowing off!

    Bring it the fuck ON baby!

    ReplyDelete