The fact that the Home Price Index has obscured the extreme and unusual volatility in average detached home prices may itself be a problem. Few home buyers or sellers are likely aware that it is even occurring. It certainly hasn't been widely reported. Since early 2011, average house prices have changed direction by a factor of 10 per cent or more five times. Such volatility had never happened before, and the swings are getting wilder.
I don't understand Vancouver condo owners. I just don't. Now, this is a broad, sweeping generalization but most of them, from what I can tell, are completely contrary creatures. Potentially even, dare I say, a little bit nutsy. They have strange habits that leave me in danger of having a permanent mark on my forehead from repeatedly slapping myself from hearing about their latest actions and escapades.