Is Vancouver's real estate market really in free fall?
Latest headlines may be scary to homeowners, but numbers tell a different story
"Is the Metro Vancouver real estate market in free fall?"
"Canada's housing market nears 'extreme bubble,' warns ex-Lehman Brothers trader," screams another.
"Fear and loathing in the Vancouver property market," warns the CBC.
It's enough to leave the impression that property values in Vancouver's sky-high real estate market could be collapsing. The truth is — unless you're one of those fortunate folks operating in the upper end of Vancouver's luxury market — the average price shouldn't mean squat to you. And here is the reason why…