text: The Most Splendid Housing Bubbles in Canada Deflate Further - Austrian Economic Blogs
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  Wolf Richter May 15, 2019	Wolf Street
  Vancouver prices drop. Toronto down 3.7% from peak, flat for 10 months. Winnipeg plunges most since at least 1990. Quebec City flat for 6 years. In Greater Vancouver, BC, Canada, house prices fell 0.4% in April from March, the ninth month in a row of month-to-month declines, according to the Teranet-National Bank House Price Index. The index is down 4.7% from the peak in July 2018, the sharpest nine-month decline since July 2009. And it's down 2.8% from April last year. One of the most splendid housing bubbles in the world is now deflating before our very eyes, after prices had skyrocketed 316% from January 2002 to the peak in July 2018 – meaning prices had more than quadrupled in 16 years: The Teranet-National Bank House Price Index tracks single-family house prices, based on
  Wolf Richter considers the following as important: Canada, Housing, TOP ARTICLES
  Canada Housing TOP ARTICLES	2019-05-15
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