More MSM Reports Predicting Price Drops – “Vancouver’s average house now costing an astounding 11.2 times a family’s average income.”

“David Madani at Capital Economics expects Canadian housing prices to fall 25%” [Reuters, 6 Jun 2011].

“Vancouver’s housing market looks primed for a correction, according to a report from Sal Gatieri, senior economist at BMO Nesbitt Burns, with the average house now costing “an astounding” 11.2 times a family’s average income.” [G&M, 7 Jun 2011]

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