Fear and Loathing in Victoria - 02/09/11 01:03 PM
I'm starting to think that perhaps the Times Colonist has taken a short position on real estate in Victoria.  How else do we explain how they have taken what should be a good news story and turned it into a bad news story.   You might or might not have heard that Re/Max put out a report that summarizes the past decade of activity in major Canadian real estate markets.  The upshot is that Victoria had an annual compounded rate of return of 7.6%, outpacing the national average.  Pretty good news.  Here's The Headline :

HOUSE PRICE COOL-DOWN EXPECTED

… (2 comments)

Another Idiotic Forecast, (no, not mine) - 02/03/11 11:10 PM
Some big news in the media financial pages - housing prices in Canada have formed a bubble and prices are at risk of dropping 25% or more over the next several years, possibly pushing us into recession. 
ORLY?  Yes, indeed, that the headline across the country 'Housing Prices to Fall..."  
Hmmm.  Sez who? I wonder to myself.  Capital Economics is the answer.  More specifically a fellow named David Madani.  Who are they? They are professional think tank - brains for bucks if you like - mensa mercenaries - that produce all sorts of economic reports, data blah blah blah for governments, … (9 comments)

 
Dscn0066

David Langlois

Victoria, BC

More about me…

One Percent Realty Vancouver Island

Address: 202-505 Hamilton Street, Victoria, BC, V8X3L6

Office Phone: (250) 858-5575

Cell Phone: (250) 858-5575

Email Me

Thoughts on Real Estate, Victoria, Vancouver Island and life in the best place on Earth.


Links

Archives

RSS 2.0 Feed for this blog