- "Detached home prices continue a dramatic reversal from the gains made this spring. Vancouver’s average detached price has dropped more pounds for the second month in a row. From May’s scale tipping all time high of $1,223,421 that scale’s dial has inched its way downward beginning in June at $1,215,265 to reach September’s $1,104,896."
- “I have been eagerly awaiting this month’s statistics to see what sort of bounce back, if any, we would see after the slower Summer season. The answer, somewhat surprisingly, is that the we didn’t seen any bounce back in sales activity at all – in any of the neighbourhoods we look at."
- "It is my belief, however, that the commitment to hold interest rates until 2013, in conjunction with positive employment and immigration numbers, should keep prices steady through to next year.”
How reassuring are all these assertions there is no bubble to unwind?
It brings to mind this comment from US Republican Presidential candidate Herman Cain on August 17th, 2005.
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