The average price increase doesn't mean real increase sometimes. # @8 V) i5 g( |5 o # S- w2 m% ?; |' O& }7 z0 GThe 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 $331, it means the real prices are dropping. I believe the same thing happens in Edmonton. . A3 U) O6 D/ i$ l* W% S. @3 G$ h: W http://www.bobtruman.com/7_Day_Stats/page_1770845.html2 A7 O# F8 {" n$ W r5 |: ]
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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.