Tag Archives: crea

FFFA! Debt, Stats, Assets, Low Rates

Hooray! It’s time for another Friday Free-for-all!

This is our regular end of the week news round up and open topic discussion thread for the weekend.

Here are a few recent links to kick off the chat:

Poor people make poor customers
Is a condo a debt or an asset?
Feel good now, pay later
Blame busy August for slow September
Phantom listing distort stats?
Gregory Klump: no no no
Vancouver Island Foreclosures
Low rates create false sense of security
Smiling with record debt levels

So what are you seeing out there? Post your news links, thoughts and anecdotes here and have and excellent weekend!

Vancouver is dragging the Canadian market down

Yeah, sales are down across Canada and prices as well.

Average prices across the nation dropped 2% in July on a Year over Year basis.

But it’s really not as bad as it sounds.

That national average is mostly being dragged down by Vancouver where average prices fell 12.2% in July according to the CREA.

So mostly it’s the Vancouver real estate market where prices shot through the roof and are now falling back to earth that is dragging down the national average.

No Canadian real estate market crash yet.