Quote:
Originally Posted by fotze
For interest sake, the average house sale price in Calgary since April 2006.
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Stats are funny like that eh? If you draw that line from April '07 it's going to look a whole lot different. What does concern me, as someone from the outside looking in, is the increase in house prices over the fall and winter months that typically show a decrease in price. What I'm wondering is, how much of this is a direct result of the incredibly low interest prices? Furthermore, how many people are only able to afford the homes they live in because of these low interest prices? I see no reason, from and economic and industry perspective, that the house prices should be going up that much over the slow winter months.