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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Mike K who wrote (46598)	3/5/2011 1:23:54 PM
From: Johnny Canuck	Respond to of 70663

The spring buying season has just started and sales look pretty brisk so far. I have seen a number of condos sell towards the high end of valuations in the last few weeks alone. One of them had been on the sale for a few month because the asking price was way too high relative to other units. Once you move out the Vancouver metro area price drop to more acceptable levels on a relative basis. Compared to other cities the prices are stil high, but compared to metro Vancouver it is at least accessible.