Yesterday we noted that Vancouver real estate agent Larry Yatkowsky had updated us on the average price figures with the November 2012 data that had just been released.
"that is probably a reality as there is little actionable support out there. The sense we Realtor types get from our coffee sessions is that everybody is waiting and digesting the mortgage rule changes. The scary part is nobody will really know when the bottom hits. By the time we get there and figure it out it will have passed.The Vancouver real estate market is a box of chocolates. A best guess low may be early 2014.”.
And it gives you an idea of what the market is really like when those with an inside view of the market are worried that things might not turn around until Spring of 2014.
(hat tip VREAA)
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