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.
Lets see what the official number say and how the GVREB spins it.
Vancouver Average Price – August 2014 - Rebound Vancouver Average real estate prices prevailed in August as detached and attached segments rebounded from the previous month. Average Price 1977 – ...
12 hours ago