Click on the image above to enlarge.
A couple of snapshots of the Vancouver Real Estate market for you today. The above image comes to us from Fish. It's a stunning chart summarizing residential sales in British Columbia. Never in our Province's history had we ever seen a rate of collapse like the one we saw starting last fall. Conversely, never has a climb upward been witnessed like that which we are currently going through.
This drive upward in prices is even more dramatic and steep than was the climb in the bubble we witnessed throughout the 2000's.
And it's not just sales. Housing prices are spiking upward as well. A great chart that shows the drop and jump in values is this one from realtor Larry Yatkowski (as always, click on image to enlarge).
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