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chemgear · 06-13-2011, 08:38 AM

Hmmm, that "spring surge" in pending sales looks to have dropped off pretty darn fast already - now just slightly above the 2010 levels again. Could pick up again, maybe the nice weather will get people to go look at homes?

And this should be interesting:

http://www.theglobeandmail.com/repor...rticle2057571/

The press release from the central bank saying Mr. Carney would address a sold-out Board of Trade meeting on Wednesday elicited squeals of glee from many market watchers, especially those who spend a lot of time warning others that Vancouver’s housing market is bound to crash in a spectacular manner (any day now).

While the warnings used to come from contrarians yelling from the fringes, there has been a sudden surge in bubble-related cautions from the country’s banks and economists. Even smug Torontonians take time away from gossiping about neighbourhood bidding wars to wag their fingers at the West Coast.

06-13-2011, 08:38 AM	#1911
chemgear Franchise Player Join Date: Feb 2010 Exp:	Hmmm, that "spring surge" in pending sales looks to have dropped off pretty darn fast already - now just slightly above the 2010 levels again. Could pick up again, maybe the nice weather will get people to go look at homes? And this should be interesting: http://www.theglobeandmail.com/repor...rticle2057571/ The press release from the central bank saying Mr. Carney would address a sold-out Board of Trade meeting on Wednesday elicited squeals of glee from many market watchers, especially those who spend a lot of time warning others that Vancouver’s housing market is bound to crash in a spectacular manner (any day now). While the warnings used to come from contrarians yelling from the fringes, there has been a sudden surge in bubble-related cautions from the country’s banks and economists. Even smug Torontonians take time away from gossiping about neighbourhood bidding wars to wag their fingers at the West Coast.