Average home price fell for first time since 2008, largest decline in the data going back to 2001.
The benchmark price for homes in Metro Vancouver soared 32% in June!
In Vancouver, 33% of sales are to Chinese investors (National Bank)
At first, there was hope that only the oil patch would get hit.
“All of that negative news has put a downer on consumer sentiment.”
Millennials, immigrants are “plankton” in the “food chain” for “big wales and sharks.”