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Prepare For Home Prices to Drop (Sept 08)
Date Published: Tuesday, September 09, 2008
Author: Derrick Penner, Vancouver Sun
Article Category: Real Estate Articles

Prepare For Home Prices to Drop

Vancouver houses overvalued by 11 per cent, according to a UBC study of real estate

Derrick Penner, Vancouver Sun

Published: Tuesday, September 09, 2008

With Metro Vancouver past the peak of its current real-estate market cycle, more discussion is emerging about what the cycle's downside will look like.

The latest discussion points lean towards a price correction in the double digits, with one study showing current Vancouver house prices overvalued by 11 per cent on a particular measure and an economist observing that prices are falling at a rate of 10 per cent or more this year ...

http://www.canada.com/vancouversun/news/business/story.html?id=8b1adac4-3a97-44d0-9d3d-a8050816103b

 

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