Thanks as usual to Larry for being so quick with the numbers
SFH down to just over a Million. Down $200 K from the all time high.
Condos and Apartments took a big dive too, with Apartment average prices back to 2008 prices.
This all happened with mortgage rates at almost zero (3% fixed and variable 5 year) and with the panicky buying of early July as the last bunch of highly leveraged buyers were loaded on board the creaking ship HMS CMHC.
August will be very interesting indeed.
PS sorry about the cliche picture. Had to put something up quick :)
‘Poor’ Parenting – B.C. Liberal Housing Minister Rich Coleman – “My advice to my teens, start saving for the down payment.” - Under the B.C. Liberals, who are actually quite conservative, the gap between the super-rich and the rest of us has become a yawning chasm. For most, it ha...
4 hours ago