Check it out. Hot off the press. The National Association of Realtors released home sales data for the first quarter of 2007 and the numbers are not positive. Check out the article here.
I put the median detached price data for the top 15 markets in North America into this chart and adjusted to US dollars. Greater Vancouver is the third most expensive area in North America to buy a detached home according to median price data. The Fraser Valley is lucky number 13.
Fun times, fun times. I wonder if we will make it to number one so we can be truly world class.
As an aside, since our incomes are lower than average here and mortgage interest is not tax deductible in Canada, I would suggest that we are the most expensive real estate in North America.