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td bank: 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)

 

Robert Morrow

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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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