http://blog.canadianbusiness.com/the-myth-of-plunging-house-prices/ Fri, 20 Nov 2009 07:52:10 -0500 http://wordpress.org/?v=2.8.4 hourly 1 http://blog.canadianbusiness.com/the-myth-of-plunging-house-prices/comment-page-1/#comment-3093 Canadian housing prices need to be better understood « AltaPacific’s Blog Mon, 22 Dec 2008 02:33:51 +0000 http://blog.canadianbusiness.com/?p=457#comment-3093 [...] housing prices need to be better understood This information is compliments of Canadian Business Blog from December 9, [...] [...] housing prices need to be better understood This information is compliments of Canadian Business Blog from December 9, [...]

]]> http://blog.canadianbusiness.com/the-myth-of-plunging-house-prices/comment-page-1/#comment-2991 Canadian Business Blog » Blog Archive » Myth of falling house prices (II) Thu, 18 Dec 2008 11:13:25 +0000 http://blog.canadianbusiness.com/?p=457#comment-2991 [...] even this is suspect. I just finished doing a few posts on a less distorted method called the Repeat Sale Price Index (RSPI). It indicated house prices [...] [...] even this is suspect. I just finished doing a few posts on a less distorted method called the Repeat Sale Price Index (RSPI). It indicated house prices [...]

]]> http://blog.canadianbusiness.com/the-myth-of-plunging-house-prices/comment-page-1/#comment-2791 Canadian Personal Finance Blog » Blog Archive » Random Thoughts: Advent Marches On Fri, 12 Dec 2008 06:12:05 +0000 http://blog.canadianbusiness.com/?p=457#comment-2791 [...] MacDonald wrote about the Myth of Plunging Canadian House Prices, and how that is really not the case in Canada, at [...] [...] MacDonald wrote about the Myth of Plunging Canadian House Prices, and how that is really not the case in Canada, at [...]

]]> http://blog.canadianbusiness.com/the-myth-of-plunging-house-prices/comment-page-1/#comment-2773 Canadian Business Blog » Blog Archive » Measuring house prices Thu, 11 Dec 2008 18:31:13 +0000 http://blog.canadianbusiness.com/?p=457#comment-2773 [...] 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 [...] [...] 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 [...]

]]> http://blog.canadianbusiness.com/the-myth-of-plunging-house-prices/comment-page-1/#comment-2744 Canadian Business Blog » Blog Archive » House prices at the city level Wed, 10 Dec 2008 14:56:45 +0000 http://blog.canadianbusiness.com/?p=457#comment-2744 [...] new Repeat Sale Price Index (RSPI) tells an interesting story about house prices at the city level. Calgary is down 7% year-over-year [...] [...] new Repeat Sale Price Index (RSPI) tells an interesting story about house prices at the city level. Calgary is down 7% year-over-year [...]

]]> http://blog.canadianbusiness.com/the-myth-of-plunging-house-prices/comment-page-1/#comment-2739 Larry MacDonald Wed, 10 Dec 2008 11:20:41 +0000 http://blog.canadianbusiness.com/?p=457#comment-2739 Michael J, True, the sample will be smaller. I'm asking the developer about these and other issues and hope to report back in a post. LM Michael J,
True, the sample will be smaller. I’m asking the developer about these and other issues and hope to report back in a post.
LM

]]> http://blog.canadianbusiness.com/the-myth-of-plunging-house-prices/comment-page-1/#comment-2738 Larry MacDonald Wed, 10 Dec 2008 11:18:41 +0000 http://blog.canadianbusiness.com/?p=457#comment-2738 Paul Good point. Hopefully the index developers adjusted for it or ascertained that it was snall. I'm asking them about it and hope to post about it soon. Paul
Good point. Hopefully the index developers adjusted for it or ascertained that it was snall. I’m asking them about it and hope to post about it soon.

]]> http://blog.canadianbusiness.com/the-myth-of-plunging-house-prices/comment-page-1/#comment-2736 paul Wed, 10 Dec 2008 07:12:48 +0000 http://blog.canadianbusiness.com/?p=457#comment-2736 okay, i'll ask the obvious question: if you're looking at repeat sales, what's the chance that these houses were bought, renovated and then flipped for a higher price? this would skew prices higher than normal imo. okay, i’ll ask the obvious question: if you’re looking at repeat sales, what’s the chance that these houses were bought, renovated and then flipped for a higher price? this would skew prices higher than normal imo.

]]> http://blog.canadianbusiness.com/the-myth-of-plunging-house-prices/comment-page-1/#comment-2731 CanadianInvestor Wed, 10 Dec 2008 04:13:38 +0000 http://blog.canadianbusiness.com/?p=457#comment-2731 A very pertinent post! Just checked my neighbourhood in Ottawa and prices seem to be up from the last time I checked 8 months ago. There appears to be a me-too desire on the part of many to say how Canada is following the US down the real estate slide but if there was never a boom in some places, why should there be a bust now? A very pertinent post! Just checked my neighbourhood in Ottawa and prices seem to be up from the last time I checked 8 months ago. There appears to be a me-too desire on the part of many to say how Canada is following the US down the real estate slide but if there was never a boom in some places, why should there be a bust now?

]]> http://blog.canadianbusiness.com/the-myth-of-plunging-house-prices/comment-page-1/#comment-2722 Michael James Tue, 09 Dec 2008 19:24:04 +0000 http://blog.canadianbusiness.com/?p=457#comment-2722 Looking at houses with repeat sales is probably better than just average sales, but it does shrink the sample space considerably. Also, any method that looks only at sales can give skewed results. For example, if a period of time has mostly low-end houses sold, then looking at sales gives little information about the change in value of high-end houses. The best metric will be one that attempts to value all houses. Looking at houses with repeat sales is probably better than just average sales, but it does shrink the sample space considerably. Also, any method that looks only at sales can give skewed results. For example, if a period of time has mostly low-end houses sold, then looking at sales gives little information about the change in value of high-end houses. The best metric will be one that attempts to value all houses.

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