$ g8 C( c8 J9 }5 h" v! u' I & f8 [# Y% W; D, JThe picture is not clear. I can only speculate: 5 _1 t: u6 H' c3 {1. It is the medium home price of Calgary from 1999 - Aug. 2006;) M" A7 U/ Q) R K3 s
2. Pink color: Home price vs. time;: Y' E) }' B; {9 t5 Q
3. Blue color: price change each month. 0 `) e2 o1 d- p0 }8 v, c# ^" ]' g7 p2 u1 k- ^
Comments: & k4 S& v. L( G2 g) I Q I 2 @( B0 z# ]) t0 o* W6 m; t1. The trend of price increase is clear and strong. Both fundamental and technical ! ^3 z8 W4 n) E. h- O. E" N5 Ystill support the further price increases.& l! b: B- G: ] c# p% Z! P
2. The price does not increase every month. The drop of July 2006 does not mean ) Q! R; f( F; J+ T' o% g
the price will decrease further. The price came back on August. ( h) W; u6 T% r" z3. With more clear picture, we will see which month the price is likely seasonally low, so that the buyer may prepare to enter the market.
5 i" b* P/ g4 HThe picture is not clear. I can only speculate:3 i' v% d& W) |9 r2 b
1. It is the medium home price of Calgary from 1999 - Aug. 2006; 7 f% h7 |9 m( }0 e! F4 ~2. Pink color: Home price vs. time;5 B8 f% S+ p8 d& E
3. Blue color: price change each month.5 e5 U' p) ?/ E( H
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