Vancouver Stumbles Hard - Update

While we await whatever digested numbers from the Real Estate Board of Greater Vancouver,

REBGV's Benchmark single family detached is now -10% in just two months, from 1.064 million to 962,000, for a total decline of $103,000. (I wonder if they regret not sticking with the previous HPI?)

We look to some other sources of data. Yatter Matters has the following for June 2012:

Detached Average Prices down from June 2011 $1,215,265 to $1,061,067 a decline of 13% or $154,000.
Detached Active Listings up 27%
Detached Sales down 37%

On another note, to demonstrate that BC is not different, or not in a good way. Here are the numbers for debt and income.

Not only does BC have a median family income lower than Ontario and Alberta, it has far higher average consumer debt. Yes, BC is different, people are digging a bigger hole just to stay in the same place.