Tuesday, January 3, 2012


Victoria SFH dropped 8.4% Dec 10-Dec 11

A $50K drop YOY!

December numbers are always a bit skewed.

However the annual sales numbers for 2011 was the lowest for 5 years, lower than 2008!

That would suggest Victoria is in a full out housing recession.

We should get the official VREB numbers soon.

Also the YOY numbers for the FVREB should be interesting.