#1: Author: Ú«ÑÔÃôÐÐ, Posted: 2011-7-05 22:20

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In case you have forgotten the depth and velocity of the previous market reversal when Canadian real estate prices plunged in 2007-2008 (chart); householder equity vanished as follows:

Average Vancouver SFD lost $122,900, or 15.9% in 8 months (2%/mo drop)

Average Calgary SFD lost $92,499, or 18.3% in 18 months (1%/mo drop)

Average Edmonton SFD lost $78,719, or 18.5% in 21 months (0.9%/mo drop)

Average Toronto SFD lost $63,867, or 13% in 13 months (1%/mo drop)

Average Ottawa Residence lost $25,664, or 8.6% in 6 months (1.4%/mo drop)

Median Montreal SFD lost $6,000, down 2.6% in 6 months (0.4%/mo drop)

#2: Author: Baiedurfe, Posted: 2011-7-05 22:28

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