In November 2015, average Vancouver housing prices got the Vendor Hat Trick as buyers went manic and pushed single family detached and strata prices into new all time highs. At this elevation, the players are ignoring the annual seasonal sales slump that’s working its way back down to its seasonal 4Q lows.

The chart above shows the average detached housing prices for Vancouver, Calgary, Edmonton, Toronto*, Ottawa* and Montréal* (the six Canadian cities with over a million people) as well as the average of the sum of Vancouver, Calgary and Toronto condo (apartment) prices on the left axis. On the right axis is the seasonally adjusted annualized rate (SAAR) of MLS® Residential Sales across Canada (one month lag).