In case you have forgotten the depth and velocity of the previous market reversal when Canadian real estate prices plunged (Plunge-O-Meter now) 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)
  

When prices are rising, new buyers can always be found to cover leveraged positions. But when prices fall and equity shrivels up, debt and those who lend take over the headlines. You can figure out if that big mortgage is worth the risk with this evaluator spreadsheet.

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Welcome to Brian Ripley's Canadian Housing Price Charts (chpc.biz) for Vancouver, Calgary, Edmonton, Toronto, Ottawa and Montreal comparing Canadian Real Estate House Prices and Market Values against a backdrop of Gold Bullion, Oil, CPI, Interest Rates, the Canadian Yield Curve and the S&P TSX Indices for Housing, Financial Services, Energy and Gold.

Also available are the current Canadian census population data, Stats Can employment earnings, mortgage affordability tables, the latest Demographia study as it relates to 35 local Canadian markets and a quick and easy spreadsheet evaluator for discovering real estate value.

I update the commentary, the monthly price change summary, the financial and housing charts, the percentage price change scorecard and the Plunge-O-Meter, usually by the 2nd week of the month which is when the Canadian real estate boards generally have their data published from the previous month.

If you want to advertise on this site, contact Brian Ripley