Sorry for the lack of posts. We are all waiting to see if the higher inventory and lower sales keep putting pressure on prices.
Another unequivical drop in average prices would be nice. Nothing too dramatic, just a few %. Enough to give the prudent some heart and put fear in the stomach's of the speculators but still stop the politicians from 'doing something'.
Here are some numbers for you. They are SFH from April 23- May 23rd. Even if we assume some sales are still to be loaded on the system, I think they show the lay-of-the land pretty well.
Maple Ridge: 68/715
New West: 23/110
Sunshine Coast 28/669
Squamish 10/222 !
West Van: 58/518
N. Van 109/393
Van West 105/1043
A market breadth model that works - *Mid-week market update:* Technical analysts monitor market breadth, as the theory goes, to see the underlying tone of the market. If the major market aver...
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