Victoria first. Down in Average and Median for SFH YOY, not to mention Townhomes and Condos. Not insignificant drops. From the VREB site:
This is all good. We need skepticism.
Remember 2008 when RE went 'no bid' up here? The bears were clicking their heels in victory and we know what happened next..a 25% rise in prices s ZIRP, CMHC and HAM pushed us up to another peak. Corrections start with doubt not bravado. We want slow and steady - more of the same please.