Thanks to zed for sending me this link to CBC's story entitled Canadian real estate sales slip. (I have copied their style of a bold red font for the headline. It's like the colour of...blood in the streets. Very provocative.)
There is a lot of blah, blah - pointing out how things are down, but from a giddy escalation. Good news with the bad news, wot?
Vancouver's real estate market once again topped the country's most expensive. The average home sold for $582,354. That's down by about $5,000 from August, but still represents a better than 10 per cent hike in the past year.And just what might be driving that "volume of new listings"? Has someone accepted the diagnosis of terminal bubblecoma?
"The underlying economic conditions in Canada that affect real estate are still very strong," said CREA president Ann Bosley in a statement. She attributed lower overall sales to the "volume of new listings."
As I read all of this, and along with everything else, I was minded of Kubler-Ross' Five Stages of Grief, and wondered if we were into acceptance yet. The bargaining is yet to come, and then, the depression - in my rosy view.