Quote:
Originally Posted by fotze
The news is leading off on the prices going down 2% this year, predicted by realtors. Ya right, I'd take 2% in a heartbeat. Saying Calgary is going to get missed by the recession? WDF?
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You can see how these rocket scientists came up with their prediction by looking at the last page of their presentation, here:
http://www.creb.com/public/documents...esentation.pdf
They just extended the 2007-2008 trend line straight into 2009.
EDIT: Funny, we are already well below the price level they are predicting for 2009. The 30 day average price on the CREB web site is $419,000, and their graph shows the year ending at $451,000. WDF?