Thursday, December 2, 2010

HPI flat

I could sense that apartments were weaker in price. They are basically flat YOY- however to be honest I thought we would have a significant drop in apartment prices.

Over-all

October 2010 $579,349

November 2010 $580,080

Up 4.1% YOY


SFH

October 2010 $796,883

November 2010 $799,312

Up 5.6% YOY


Apartments

October 2010 $390,074

November 2010 $389,168

Up 1.9% YOY


Attached

October 2010 $487,530

November 2010 $488,733

Up 4.1% YOY

Maybe the Bank of Canada can reduce rates to -1%, so that we can squeeze a little more juice of the property markets. I say lets bring back 50 year mortgages, and mandate cash-back mortgages..sheesh.