Relevant:
- Vancouver Home Sales Drop, Prices Continue to Climb
- Toronto Housing Market May Need Vancouver-Style Cooling, RBC Says
- Calgary's Housing Market Collapses While "Three-Alarm Blaze" Burns Next Door In Vancouver
- Home prices are gliding to a pause - except maybe Vancouver's
- Vancouver slaps 15% tax on foreign house buyers in effort to cool market
2016-08-19 — zerohedge.com
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Zolo, a Canadian real estate brokerage, keeps track of MLS home sales in real-time and reports prices as an average rather than the "benchmark price" used by the REBGV. It currently shows a major correction underway in most Metro Vancouver markets. According to the website, the City of Vancouver currently has an average home price of $1.1 million, down 20.7% over the last 28 days and down 24.5% over the last three months. The average detached home is $2.6 million, down 7% compared to three months ago.
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