Yesterday Sheldon talked about the number of new and vacant properties on the market, and it made me wonder - what’s been happening with the prices of resale homes compared to new homes? At the end of 2007, CMHC explained at the Housing Outlook conference that the gap in pricing between new homes and resale homes had grown quite large in the Edmonton area, and suggested that new home prices would need to come more in line with resale homes. Now, my stats only include homes sold on MLS, and may in fact include a number of resale homes since I can only separate the sales va[...]
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[Source: The Money Blogs]
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