Well it looks like we’ve got another strong start to the spring season, at least when it comes to the Real Estate Boards benchmark price for a single family home. I don’t have all the numbers yet, but theres a short story in the Sun, and here’s my short-term chart:
So it looks like the sub-prime mortage meltdown in the US hasn’t fazed this market yet – Not only that, we’ve got more listings, less sales and prices are still going up! It really is different this time!
UPDATE: Here are the March benchmark prices for the GVRD, and the price charts for townhouses and apartments – Everythings up this month, it must be springtime!
GVRD Benchmark prices, March 2007:
Short term housing charts, Attached & Apartments:
Thanks to Agent Will for the March stats package. This is a very peculiar market, at these prices buyers must be counting on continued appreciation.