http://vancouverreflections.com/2009/01/12/vancouver-real-estate-market-analysis-december-2008/ Learn about Vancouver's condominium waterfront neighbourhoods Tue, 07 Sep 2010 02:15:24 -0700 http://wordpress.org/?v=2.8.4 hourly 1 http://vancouverreflections.com/2009/01/12/vancouver-real-estate-market-analysis-december-2008/comment-page-1/#comment-365 James Wong Mon, 19 Jan 2009 16:13:38 +0000 http://www.vancouverreflections.com/2009/01/12/vancouver-real-estate-market-analysis-december-2008/#comment-365 After doubling in price over the past 6 years, price decline of 12% to 15% is just a correction that will happen sooner or later. More price decline in 2009 is expected as the real estate down cycle is just beginning. After doubling in price over the past 6 years, price decline of 12% to 15% is just a correction that will happen sooner or later. More price decline in 2009 is expected as the real estate down cycle is just beginning.

]]> http://vancouverreflections.com/2009/01/12/vancouver-real-estate-market-analysis-december-2008/comment-page-1/#comment-366 Marg Scheben-Edey Mon, 12 Jan 2009 19:50:02 +0000 http://www.vancouverreflections.com/2009/01/12/vancouver-real-estate-market-analysis-december-2008/#comment-366 Good reporting work here Maggie. I was interested in your usage of the term "benchmark" as I've not seen that here in Ontario and note that it is unique to BC. That's such a valuable tool as the normal reporting of average house prices is so very skewed from reality. Your market is very much in the news these days isn't it but maybe it's all a good thing as it spells a return to normalacy after so many years of run-up. I know it's belated but best wishes to you Maggie for 2009! Good reporting work here Maggie. I was interested in your usage of the term “benchmark” as I’ve not seen that here in Ontario and note that it is unique to BC. That’s such a valuable tool as the normal reporting of average house prices is so very skewed from reality.
Your market is very much in the news these days isn’t it but maybe it’s all a good thing as it spells a return to normalacy after so many years of run-up.
I know it’s belated but best wishes to you Maggie for 2009!

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