OK folks we know that sales are down big time compared with last year. We know that listings are also down and so list/sales are robust.
MOI is still around 6 months +/- though and higher in some areas (see Larry's site).
The average pice and median in these circumstances mean very little. If wealthier buyers are still in the market or the homes sold are the cream of the crop, then both these numbers will be up.
What we will have to look for is the HPI to see which way we are trending.
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...
1 day ago