The average price increase doesn't mean real increase sometimes.1 r$ Q: f0 ]/ F( c& j0 E
/ f W, z- D- s8 M* M9 X( A7 _8 \8 AThe 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 $331, it means the real prices are dropping. I believe the same thing happens in Edmonton. * L8 y) o5 ?5 O: @" T2 h2 w( e- e0 X6 a n7 _& ~4 J; B http://www.bobtruman.com/7_Day_Stats/page_1770845.html. i$ h7 W( b8 i( w0 [
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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.