Home prices in Metro Vancouver headed in the same direction as the stock markets in November: down.
Real estate prices lurched down another four to five per cent last month, according to the Real Estate Board of Greater Vancouver.
The benchmark prices of a single detached house is now down 13.6 per cent since May to $666,500.
In the Fraser Valley, real estate is off six to seven per cent since May.
Detached houses in the Fraser Valley area were the one property type where median selling prices actually rose – 3.4 per cent – in November.
