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Vancouver homes market goes cold. ⇒

   4 August 2010, mid-afternoon

The end of an era?

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Comments

  1. The Toronto numbers for July were just released. House prices in Toronto fell 3.3 per cent from June to July and sales fell 34 percent.

    It is interesting to watch the logic of these kinds of markets. If prices are actually dropping does that mean that buyers will hold off on buying to see how low it goes? And does that mean that sellers will drop prices even more in a panic to get out? And what happens to people who bought real estate for investment purposes?

    by M on August 5 2010, 10:56 am   #

  2. Of course it could just be a random blip – all the long-term numbers are still trending upwards.

    by M on August 5 2010, 10:59 am   #

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