SFH moved up 2% from last month.
In our poll last month we thought the prices would go up and the fell hard. This time we decided they would fall hard and they had a little jump up.
SFH sales are down a little from July (about 8%) and we are at over 6 MOI.
However I would be lying if I said that the numbers aren't a disappointment. I had expected them to be flat at worst, and slightly down was my hope. Not that a few % up or down makes any difference after such a huge run-up but it would have been the psychological effect of having two months down, and perhaps it would have kept a few young couples from getting into a mountain of debt at these levels with the promise of more sanity coming.
Warning spin coming here: I think the numbers are being skewed by the huge buys on the Westside and West Van by certain off-shore buyers.
Well not much we can do except dive in or wait. The periphery is weak. Vancouver is still defying the odds.
