Source: The National Post
The Canadian housing market is beginning to look like a large jumbled puzzle. A week after a report showed the price of an average house had soared to a record high, an alternate report suggested Wednesday prices have in fact declined for five consecutive months.
Both sources are respectable, and their data accurate. But different methodology has led to a discrepancy between the figures. So where does the Canadian housing market stand? Economists and those in the real estate industry believe conditions fall somewhere in the middle.
Read the full article by Alia McMullen “Is Canada’s housing market tanking or taking off?” in the National Post (June 24, 2009)
Read BuzzBuzzHome’s innitial reporting of this confusion TERANET – CANADIAN HOME PRICES DOWN 6.7%…FIFTH CONSECUTIVE 12-MONTH DECLINE