The new repeat sales price index (RSPI) is major development for Canada, I believe. We will have a less biased idea of how house prices are changing. Yet, there doesn’t seem to be much coverage in the media so far. There has been some in the blogosphere. One in particular stands out, ...

The new Repeat Sale Price Index (RSPI) tells an interesting story about house prices at the city level. Calgary is down 7% year-over-year while the other five cities in the RSPI are up 4.9% to 6%. Excluding Calgary, it would appear house prices in Canada have held up fairly well ...

Canadians think house prices are tumbling in Canada thanks to Canadian Real Estate Association (CREA) reports that say prices have dropped 10% over the year. But it’s generally recognized their methodology is flawed: CREA compares average prices between two periods even though the composition of houses sold in the two ...