If you're a homeowner, the past six months or so have been reassuring. Last winter's nationwide collapse in home prices has not only eased, but by some measures completely disappeared. That's great news if you might want to sell any time soon. Of course, it's not such great news if you'd like to buy.
Indeed, some have even begun to wonder if a new bubble in home prices might be starting to inflate.
That's not likely in the opinion of most analysts, but it's not impossible, either.
The Canadian Real Estate Association's average of all Canadian transactions in September might seem to justify such fears, showing prices at an all-time high of $331,602, up a blazing 13.6 per cent from a year earlier.
Another yardstick, the Teranet-National Bank House Price Index, is a better measure, though, because it carefully removes the distortions caused by strong rebounds in the high priced markets like Vancouver and Toronto. full story >>
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