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 :)
Friday Free-for-all! Dec 15th 2017 - It’s that time of the week again- Friday Free for all time! This is our regular end of the week news round up and open topic discussion thread for the week...
2 days ago