This chart shows the detached housing prices for Vancouver, Calgary, Edmonton, Toronto, Ottawa* and Montréal.

In April 2011 Vancouver prices remained literally off the chart; I had to extend the Y axis. Vancouver, Toronto, Ottawa and Montreal all set new highs. Calgary prices zoomed 3.6% M/M but Edmonton remained flat. Despite the pricing energy and ability of sellers to coax bids at the high end, sales continue to fall as fewer and fewer buyers remain willing to transact (scorecard). Retail lenders raised rates in April; market risk is palpable. (*Ottawa are combined residential)

View a Larger Chart HERE.

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