The average price increase doesn't mean real increase sometimes. ' T& M5 X! k1 g" l$ [3 @3 |& ?" P$ s W, Z; w, a/ m- u: }2 X
The average house price in Calagary has gone up by $10,000 since June 1, 2007. But the average price per square foot has changed from $333 to $331, it means the real prices are dropping. I believe the same thing happens in Edmonton.: D& {9 G$ L' h0 H" S6 j: M" {
3 w4 A: M+ E$ F' u) }3 K) A http://www.bobtruman.com/7_Day_Stats/page_1770845.html) b/ ?4 v4 k: U0 u' G: w
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The average figure doesn't tell you the whole picture of the market. Do your own research to determine the market is going up or down.