International Zeolite Corp. V.CNZ

Off The Topic

[dart321]

Vancouver house sales are off 40% year over year as of todays stats, average price is down 13%  prices fall slower than sales numbers but will continue to fall well past sales balance. The most inportant stats are the V over L. That is the morgage stats. It means value verses equity or the size of the loan verses the value of the house. In vancouver that stat went from 62% four months ago to 86% today that means falling house prices have eaten into the built up equity in housing. When that number reaches 100 that is when the bottom falls out of the house market no matter where it is. That is when financial institutions stop loaning money for morgages that are refinancings or roll overs.  Getting close to that 100 number in the lower main land and vancouver island. I believe toronto is sitting at 73 right now up from 57.