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house prices: House price indexes not so accurate - 01/22/09 10:02 AM
Statistics can be made to state whatever you want them too, as long as you have info to back you up.
For example, average house prices reported in Canada are derived from the MLS(R) system. It is not wholly accurate as private sales and new home sales are not included. But economists and the CMHC use the results as a major economic indicator.
Well, some other financial institutions are questioning its validity as the prime method of determining whether we're in a bad economy or not. The TD Bank Financial Group was first with their  TD Home Price Index. It takes into … (1 comments)

house prices: House prices up apx 5% in Hamilton - 10/28/08 12:51 PM
As you can see, house prices in the Hamilton area have risen approximately 4-5% over the past year. This was, of course, before all the hiccups in the US but still bodes well for those looking for assurances.
Flamborough leads the pack with a whopping 40% increase in price but much of this is due to new housing in the Greensville area and developments closer to Waterdown. Waterdown, itself boasts the highest decrease in house prices, much of which can be credited to the change in new build home types last year.
Some prices are decieving. For example, try finding more than … (0 comments)

 

Robert Morrow

Hamilton, ON

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Blog by Hamilton Home Review's editor, Robert J. Morrow, a licensed Realtor with Chase Realty Inc., in Ancaster, ON, Canada.


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