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firebug · 05-26-2006, 01:18 PM

Bored, so have been running some numbers.

Since Jan of 1992, homes have increased by an average of 7.267%/year (assuming annual compounding).

Running a regression between oil prices and avg house prices gives a line of (y=mx+b):
Avg. Calgary Home price (CDN) = 2,605.1 x $CDN Price of oil + $77,135

with an R^2 value of .7964

Therefore, with a CDN $60 oil price (remember the forex), you might expect an avg. home price of $233,441.

I will see if I can find some other correlated data.

I also have a couple excel charts prepared, but don't know how to post them.

05-26-2006, 01:18 PM	#9
firebug Powerplay Quarterback Join Date: Aug 2002 Location: Mayor of McKenzie Towne Exp:	Bored, so have been running some numbers. Since Jan of 1992, homes have increased by an average of 7.267%/year (assuming annual compounding). Running a regression between oil prices and avg house prices gives a line of (y=mx+b): Avg. Calgary Home price (CDN) = 2,605.1 x $CDN Price of oil + $77,135 with an R^2 value of .7964 Therefore, with a CDN $60 oil price (remember the forex), you might expect an avg. home price of $233,441. I will see if I can find some other correlated data. I also have a couple excel charts prepared, but don't know how to post them. Last edited by firebug; 05-26-2006 at 01:35 PM.