Quote:
Originally Posted by winson604
Damn, parents house went up 30% out of no where located in Van right on the border of E/W side. The value has been going up by minimal margins over the last while so this was a surprise.
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We've been talking in this thread this year that prices have been going up by 30%, so not sure why anyone would be surprised if it's a detached home.
We've been speculating that perhaps it's mostly due to the currency dropping 25-35% which gives foreigners more purchasing power.
Quote:
Originally Posted by SumAznGuy
Also, this is based off of numbers up till July 1 2015.
The market was still hot going into the end of October.
On my feed, I am still seeing some places selling in less than a week during christmas time.
WTF.
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From what I see in the market right now, prices are still going up every month, so it hasn't plateau/flatten out yet. Although it looks like it's no longer rising at the crazy rates it was in the summer.