I will be taking a break for a week or so. Here is some real-estat news that caught my attention recently.
Gregory Klump and the CREA come up with a "weighted average" to show that prices have fallen less than the 9.8% of the traditional average. I haven't had time to examine this but I suspect the weighted average is reasonable. However I wonder why they didn't introduce it when prices were increasing. Hmmmm.....
Read the Globe and Mail's article how high-risk mortgages crept north. Here is a post I had last year last year on the subject.
Mike Fotiou has a post comparing the first 16 days of December to 2007 in Calgary. SFH prices down 6-7% condos down 10-12%.
Merry Christmas everyone!
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