Have a look at this interactive map of real estate prices across Canada, which has been done each year since 2007. The stats are done is a way that I haven't seen before, but it does provide an interesting way of looking at trends in the market place. Normally I have a real problem with year over year pricing stats, primarily because the real estate market tends to be on a shorter cycle then a full calendar year, so you can't decipher if the trend is up or down. In other words, you could have a hot market in the Spring which goes up 20%, but a downward market through the rest of the year of -15%, so if you just looked at December's year over year, you get a positive +5%. If you were to just look at the +5% increase of year over year, you'd think that this is a positive thing, but in fact someone thinking of selling should act fast. With this interactive map, you can see how the year over year changes, giving you a trajectory of which way the housing market is going, solving the problem of just showing one moment in time.
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