As we expected the month of June has also posted a -3% drop in listing activity, as did May. This will stay quite consistant with last years listing portfolio throughout the rest of this year. No suprises there.

However, we are blown away by the fantastic June production of unit sales which increased from May's -13% to only a -7% in June.The dollar volume did even better increasing from May's -7% to June's +0% for year over year from 2008. This is spectacular in a market that has been increasing consistantly for the past 10 years with no letup in sight. It's fair to say we have a very special city here and a lot of people are recognizing the value of living in a clean, safe and beautiful environment where housing prices are consistantly far below the North American price trend. The young people today have taken a paradigm shift with their family values and what they believe is important to them. Family more than job advancement. Meaning that, yes, less is more, and better. Well, that's my philosophizing for the day.

Consumers, now is the time to capitalize on the most valueable asset you can ever own, your home. Good shopping, be smart and take advantage of these low, low interest rates which will probably not be around for very much longer. Talk to you next month. Consumers look up the definition of the word capitalize and you will act now! Just a thought. Cheers!!!