South Okanagan historical real estate prices
Here are historical real estate prices for the South Okanagan dating back to 1980. It gives perspective to how out of control things got leading up to 2008 & what has ensued since!
Also included in the graph is the M2 money supply of Canada, which is the broadest measurement of money circulating in Canada & a good indicator of inflation. I believe, this tends to correlate well with backstopping real estate prices, as can be seen in the graph. We have advanced significantly from 2013 (up 25% to Oct 2016) and I feel we have burnt up much of the price acceleration for now. I believe a significant moderation is still a years time away for our region.
I hope you find this informative! (For larger image, right click and select open in new window)