No surprises here. We all knew July was hotter in every way than we expected. Was it the post interest rate rise blip? Was it due to Chinese RE going up again, and easing of liquidity? Or are we headed up on a new up-trend?
In any case we are still down a few % YOY for HPI.
My own opinion for what it is worth (very little) is that we saw the peak of buying for the year and MOI will start going up again. We have been hovering around 6 for July. If I am right it should move up briskly, if not I am wrong.
Friday Free-for-all! April 28th 2017 - It’s the end of another lovely work-week in Vancouver-land! And at the end of each week we have a tradition here at VCI, it’s Friday Free-for-all time. Thi...
18 hours ago