Quote:
Originally Posted by fotze
For single family homes, May had the next highest average price of $502,065 after the peak in July 07 at $505,920.
Spiking right now after hitting $421,075 in Feb this year.
So what that means is your house has gone up $80k since February, time to buy that Range Rover you've been eyeing with that newfound equity in your house.
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All I see is price reductions in Calgary. Must be the new Index they use that shows RE being up.
It would be pretty stupid to use the equity to buy a fancy SUV. Smart people leverage their
home to invest in the markets. TSX is doing great lately. FB anyone?
