Housing Market Update Video

Monthly Video Update

From our friend Cam’s desk is BCREA’s provincial and Vancouver real estate market update.

Update

“Copyright British Columbia Real Estate Association. Reprinted with permission.”

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*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.

Reader Comments:

November 15th, 2012 at 9:26 pm

Take a look at the graphs in the following link to get a real picture of sales activity. The Vancouver sales numbers were skewed quite a bit lower for September (only 19 business days) and that made October sales look a lot better than they actually were.

Infact, September was 80 sales per business day while October was 84, when adjusted for business days.

http://theeconomicanalyst.com/content/house-sales-october-better-not-quite-strong-reported

November 15th, 2012 at 9:53 pm

@lookout

In Addition: –

“Robert Kavcic of BMO Nesbitt Burns smoothed the numbers of September and October to find that sales in that period were down 8.1 per cent from a year earlier, which is “a more realistic representation of a housing market that has softened since mortgage rules were tightened again in July.”

http://www.theglobeandmail.com/report-on-business/top-business-stories/how-bad-is-your-housing-market-its-all-location-location-and-location/article5328949/

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