Canada GDP Declines 0.3%: Largest Drop in Two Years

Mish’s foreword to a piece at Bloomberg -

http://globaleconomicanalysis.blogspot.com/2011/07/canada-gdp-declines-3-largest-drop-in.html

This post was submitted by Mansur al-Hallaj.

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58 Responses to “Canada GDP Declines 0.3%: Largest Drop in Two Years”

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  1. 58
  2. Market Toppy? Top? Topped? – “The listing price is now $3 million and they have not had a single offer.” | Vancouver Real Estate Anecdote Archive Says: Reply to this comment

    [...] I never saw them above 140.” [More building since then but, still, 200 seems a lot. -ed.] – painted turtle at vancouvercondo.info 1 Aug 2011 5:20pm — “This morning I woke up before my alarm in a bit of a panic attack. After having my [...]

    Current score: 0
  3. 57
  4. pipewrench Says: Reply to this comment

    @pipewrench:

    http://www.youtube.com/watch?source=patrick.net&a

    link

    Current score: 3
  5. 56
  6. pipewrench Says: Reply to this comment

    <a>funny

    just had to laugh and pass this on. real-estate will in a massive decline by x-mas!

    Current score: 2
  7. 55
  8. specuskeptic specuskeptic Says: Reply to this comment

    @McLovin: As much as I hope you're correct, one data point does not a trend make. Time travel me to October and connect a few more points in the same direction and I'll believe it.

    Current score: 1
  9. 54
  10. fricuRomeoJordan Says: Reply to this comment

    Inventory should crack 17000 this month, and I suspect we'll see 22,000 plus this fall, it's going to be a heck of a ride…down.

    Current score: -5
  11. 53
  12. fricuRomeoJordan Says: Reply to this comment

    McLosin, Romeo Jordan told you this would happen – I do hope that you followed his/her counsel.

    My gosh, you are one dumb cookie.

    Current score: -5
  13. 52
  14. Anonymous Says: Reply to this comment

    "Vancouver’s average detached price landed another decline in July at $1,133,357, down from the previous all time high in May of $1,223,421"

    What happened? Has the HAM money flowing into Vancouver's high end real estate slowing down?

    Current score: 0
  15. 51
  16. McLovin Says: Reply to this comment

    From Larry's site. The top is in!

    Detached

    Vancouver’s average detached price landed another decline in July at $1,133,357, down from the previous all time high in May of $1,223,421.

    (Say it quick that's nearly $100K or nearing double digits in two months!)

    Attached

    Attached average prices in July did a back flip from June’s $554,763 with a solid landing in July at $569,042.

    Apartment

    Apartment’s average price flip was not as dramatic but it settled on the beam up from June’s $445,981 to July’s $450,527.

    Current score: 10

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