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Old 01-13-2016, 04:00 PM   #65
Regorium
First Line Centre
 
Join Date: Apr 2006
Location: Calgary
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Quote:
Originally Posted by Regorium View Post
If you take peak to peak - sure.

If we go by an annual average, then the price between Jan 14 and Jan 2015 has gone up by a couple hundred dollars. My expectation is that when the Jan 2016 numbers come up, it'll be within 5% of the number we see there.

If you cherry pick the very top price, and the very bottom price, and define that as the overall housing market, then sure, a drop of 20% is possible, even reasonable.
http://www.theglobeandmail.com/repor...ticle28140866/

In this report, prices have dropped 2.6%. Once Realtor 1 uploads/fixes the picture for the Dec numbers, we can have an apples to apples comparison.

Looks like 5% was pretty close.
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