Quote:
Originally Posted by Winsor_Pilates
^ Yeah, CMHC math is pretty funny.
There was an article in the Van Sun today saying the same thing. Sales have dropped slightly, listings are up slightly, pricing are expected to rise 3.5% this year ????
I don't get it either, I'm expecting small price drops and a healthier buyers market for Vancouver.
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The sales drop for Vancouver seems slight, but hasn't the inventory growth been a bit more dramatic?
I have to say I don't follow Vancouver as closely, but it seems like this guy keeps some pretty decent stats:
http://agentwill.com/weekly-stats/
So far 2010 is actually exceeding 2008's pace for inventory.
Did Vancouver experience a similar large rise in 2008 inventory and subsequent dramatic price drop in '08 like we did here in Calgary before the emergency interest rates stopped the bleeding?
But I guess that's assuming the inventory growth peaks out late in the year like it did in '08.