Whether you like the provincial home assessment numbers will depend very much on where you stand.
Assessments are largely flat, going up or down a few per cent in the past year.
For a great many residents, especially those who have or are soon to pay off their mortgages, it won't matter much.
The people happiest with this seeming stability will likely be younger people who haven't yet bought their first home.
In the middle of the last decade, home ownership was an ever-receding goal, as double-digit price increases made ownership less and less affordable.
An island of stability will allow those who have saved up their cash to buy homes, tie themselves more firmly to their communities, and start building equity.
For those who were relying on an increasing home value to borrow against - well, the news isn't so good. But frankly, the cost of housing in the Lower Mainland has doubled in the last decade.
That's more than anyone who bought a home in 2001 or 2002 had any right to expect. Someone who bought land more than five years ago has already reaped a hefty dividend.
Property speculators are in the same boat, but on a larger scale.
In fact, what all groups of people should be worried about is whether this is a gentle landing after years of high flying real estate prices, or the bursting of a bubble that we've been warned about for years.
Sorry, but our crystal ball is out of order on this one.
