I finally got a copy of the REBGV February stats release and here are some updated charts based on some of the historical data I have (I am still waiting to get my hands on VHB's googlepages data). It seems that after four months of price declines we are suddenly back at all time highs. Record low affordability and higher prices across the board.
The price compression phenomenon is still in full swing.
Benchmark prices for February 2007 across Greater Vancouver are:
Detached: $666,983 YOY +11.4%
Attached: $419,061 YOY +15.1%
Apartment: $335,024 YOY +15.3%
Average transaction prices:
Completely ridiculous is all I have to say.