View Single Post
  #93  
Old Posted Jun 5, 2012, 3:06 PM
s211 s211 is offline
Registered User
 
Join Date: Oct 2008
Location: The People's Glorious Republic of ... Sigh...
Posts: 8,102
Quote:
Originally Posted by whatnext View Post
Vancouver house sales slide precipitously to lowest May level since 2001. Paradoxically prices held up :
http://www.straight.com/article-7008...month-year-ago
Prices seem to be holding up only because there are just enough purchasers out there to keep pricing up.

It was like the stock market up until about a month ago. Valuations were up, but if you looked at the actual transaction volume, it was way down. Of late, there was little to really convince the stock market that the increasing valuations were because of fundamental improvements, and now the wind is out of the sails.
Reply With Quote