JANUARY 2017 – REAL ESTATE MARKET STATS
A 50% decrease in listings year to date with sale prices up 22% within the same period of time. The Dollar is at a 30% discount, we have an excellent immigration policy, there is no significant threat to safety on a national level and we are perceived as safe. The Yuan is dropping and investors in China are fleeing looking for alternative investments while our double digit annual appreciation in the real estate market attracts investor from all over the world. If you look at sale prices alone they suggest a bubble but I believe the metrics used historically to judge the state of the real estate market are no longer valid and a new set of metrics must be considered due to the global environment we live and compete in.