The average price increase doesn't mean real increase sometimes.+ P8 k4 ]5 Q1 R) y
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The average house price in Calagary has gone up by $10,000 since June 1, 2007. But the average price per square foot has changed from $333 to $331, it means the real prices are dropping. I believe the same thing happens in Edmonton. ( r' J. p* C' p3 K: }/ V R. m. T; Y& s7 C4 w$ N/ s http://www.bobtruman.com/7_Day_Stats/page_1770845.html - |2 R; \0 S3 q1 v9 B, K( Z1 w/ v! M/ C9 t1 b5 E; w) a: T+ q
The average figure doesn't tell you the whole picture of the market. Do your own research to determine the market is going up or down.