Chpc.biz - Brian Ripley's Canadian Housing Price Charts and Plunge-O-Meter
9 Charts on housing and relative markets In case you have forgotten the depth and velocity of the previous market reversal when Canadian real estate prices plunged ( Plunge-O-Meter now ) in 2007-2008 ( chart ); householder equity vanished as follows: Average Vancouver SFD lost $122,900, or 15.9% in 8 months (2%/mo drop) Average Calgary SFD lost $92,499, or 18.3% in 18 months (1%/mo drop) Average Edmonton SFD lost $78,719, or 18.5% in 21 months (0.9%/mo drop) Average Toronto SFD lost $63,867, ...
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