Thankfully readers of House Hunt Victoria do not have to subject themselves to the spin of the VREB or the lack of critical analysis by the Times Colonist - unless it's simply to mock that dying breed of journalism. Here we benefit from the excellent industry insider information and analysis by valued commentators like Double Agent. Here are the really, really, ridiculously good looking graphs and analysis for June 2010:
Check (warning: VREB PDF). Desperate sellers willing to give up two years worth of "equity" to get out of their home? Check. REALTORS® getting called out on a mommy forum (and not by HHV) for trying to pass off a house as a "sure thing" investment? Check (Now removed with no response to the original query, which likely says a lot about the integrity of the REALTOR® in question, no?). Dinner party conversations changing from "buy now" to "sell now"? Check.
Times are changing. Quickly.
Happy Canada Day everyone.