"It's clear looking at the data that I'm looking at, that in terms of the prices, they've stabilized," he said. "Anyone expecting a continued decline in average price will be surprised and disappointed."
Gregory Klump, July 16, 2008
I think this takes the cake because it comes from the CREA's chief economist who makes assertions with such certainty without explaining to the public what data was used or how he came to his conclusion. The confidence was there without any reflection on what was said in the past.
Anyway I update the chart a had posted earlier this year. Enjoy.