I've just come across another article that talks about the huge gains that the US housing market is making each month. While our market continues to be flat, in the US prices are up over 12% compared to last year.
This is very good news not only for our friends to the south, but also for us here in Victoria. We used to have a lot of american buyers before the 2008 recession. We expect that, as their economy recovers, we should see them return - putting upwards price pressure on our local housing market. Not great news for those sitting on the fence waiting for property values to drop, but great news for property owners.
http://money.cnn.com/2013/07/30/news/economy/home-prices/index.html?iid=s_mpm
(h)(s)
