View: Vancouver Bull Horse Mountain

Notice on the chart that during the labelled periods ZIRP grande and ZIRP petite, all three Vancouver residential housing sectors sold off in price and total number of residential sales. A significant difference was that during ZIRP grande, single family detached housing diverged from the whole market and produced a false trend change signal and went on to zoom into the blow off phase adding another 20% to the price which has mostly evaporated. Since the blow off in April 2012, total market sales have tried and failed several times to break above the new lower stair tread of declining sales. Bulls now have to wait until the spring of 2014 before they can try to bring the rest of us along for another ride, because seasonally, the peak sales window is in late spring, early summer. More at www.chpc.biz