The average price increase doesn't mean real increase sometimes. . G6 q# {2 G8 o3 c S* i' \9 O5 D/ P g& @
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. ) @8 d2 g4 \" c6 K4 u; M- Q/ k8 v ' C: n; B9 j5 r! ]http://www.bobtruman.com/7_Day_Stats/page_1770845.html + S9 L& K2 _! V7 e/ `1 ~. [& i# H. I2 \
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.