Tuesday, May 1, 2012

Big Drop in SFH Average

See Larry's Post.

Ok lets not get too excited, we have seen this movie before and it didn't end well. We saw a big drop in mid-2011 only to see it rise like a phoenix to new heights and I am not even talking about 2009 when tweedle-dee and tweedle-dumb rigged the system so that we were denied our correction.

Fingers crossed. 

Lets see what the official number say and how the GVREB spins it.


  1. average detached down 8% compared with last year

    April 12 – $1,106,683
    April 11 – $1,204,587

  2. The volatility is a good sign for bears.

    Looks like a classic double top to me - not unlike the TSX in 2008.

  3. The same realtor-hoarder in our neighborhood is at it again, telling anyone who would listen that the house prices won't crash any time soon. She did exactly the same during 2008/2009 mini-crash.

  4. When we cross $1 Million on the downside then we will be in business.