Could the reason be a rush to buy before the new mortgage rules came into effect, and the unusually warm October we had? You're right that people shouldn't be crying over such a small increase. Not a good sign.
Anybody have $19 million to spend on a house in Vancouver? It needs a little TLC. Just a little.
An entire blog dedicated to the phenom with tons of pictures:
A report on Vancouver found that 1 out of 10 condo units sits empty.
I think it's safe to say that Toronto is in way better shape.