Sunday, February 27, 2011

While We Are Waiting

While we are waiting on Vancouver's February 2011 numbers

If the linear trend line holds up the HPI for all sales will be
$588,338 (up $3300 month on month)

And the HPI for detached will be
$813,409 (up $3400 month on month)

There is a lot of anecdotal evidence that the 60 day window before the mortgage changes juiced the market. It may have also juiced sellers as well and ended up a wash. We'll know around the 3rd or 4th of March.

Even before the mortgage rules change the trends were for prices to rise. On this trend line they will rise through April.

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