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 :)
Long live the reflation trade! - *Preface: Explaining our market timing models* We maintain several market timing models, each with differing time horizons. The "*Ultimate Market Timing Mod...
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