This is the first time in the last ten years that I've seen Vancouver's West Side house prices be lower in February than in January. Very unusual for Chinese New Year as there is always a surge in real estate sales as they go shoppping.
Are prices topping, given the 32% increase in the last year? Definitely over the top!
In December 2012 the average sales price was $2M, so it has nearly doubled in only three years....definitely not normal.
In January 2015 the price was $2.7M and a year later it's $3.7M.
Average sale price dipped from $3.805.000 in January to $3.728.000 in February.
However, one month does not a treand make! We shall have to see what happens in March.