Quote:
Originally Posted by Realtor 1
29 year average increase in Calgary residential sales is 6.73% .... far from falling off a cliff type of growth IMO.
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This is a really weird stat to post. 29 years? That's like saying the S&P 500 grew at an average of 12.6% between Jan 1, 1979 and Dec 31, 2008. While true, if someone told you this in 2008, it's really not painting an accurate representation of the current market conditions (S&P 500 lost 37% from Jan 1, 2008 to Dec 31, 2008).
http://www.moneychimp.com/features/market_cagr.htm