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Blog by Alan Vlemmiks

HOW TO UN- CONFUSE A HOUSING STAT

April 30th, 2012
FROM THE CANADIAN REAL ESTATE ASSOCIATION (CREA)
 

The national average home price was down in March from where it stood last year. But home prices are not declining. Confused?

Average prices are affected by changes in the mix of sales, so year-over-year price comparisons can be like looking in a funhouse mirror: distorted.

To illustrate: line up a class of kids by height, calculate the avera ...

Price Changes Around The World

April 4th, 2012


Fancy a des res in Delhi or a mansion in Moscow? – and you thought Vancouver was bad

They may not be the first places you think of when you consider a holiday home location, but perhaps you should take a closer look. Because property prices in India and Russia have risen faster than anywhere else in the world, according to new research from Lloyds TSB.

It says that house prices in India hav ...