Propaganda at its best.

What a crock!
Tring to suck in the last few fools?

Liar, liar houses aren't on fire!

Throw a bucket of water on these spin machines. I'm so sick of real estate hype.
See you idiots on the way down.

I take it you all would rather be in the dark and not know what is going on. Is that correct?

Most of us know full well what is going on.

The above article is pure unadulterated hype. Read it again and pay attention the key phrases "is expected to", "the latest forecast predicts", that too is expected", "the prediction is". And this little gem "reinvigorated demand for commodities and the associated employment growth"

Anyone for a game of three card monte?

Let's do the math on a $200,000.00 dollar house elsewhere in the province.
Drop of 3% in 2010 makes the house worth $194,000.00.
Increase in 2011 of 4% makes the $194,000.00 worth $201,760.00.
Actual increase over 2 years $1,760.00 or less than 1/2% per year.
The old story, liars can figure and figures can lie.

Thank you for that reminder Resident of reporting annual percentages without going back to the longer range picture.

I would like to see a graph of the price of a 1,200 sf house/condo over the past 50 years overlaid on a graph showing the average annual household income over the same period and the average rate of inflation.

Then we would have the start of some more meaningful data to discuss.

Resident,
you would be hard pressed to do the math on a $200,000 dollar home elsewhere in the Province. As for statistics yes you are correct, but that is old news. I learned that at my fathers knee over half a century ago. But where the rubber meets the road, the average price of a home is more this year than last year. If you don`t use statistics, what method might you suggest, I am all ears.

If statistics is old news then statistical projections are fairy tales .... :-)

Yes, $200,000 houses might be difficult to find south of Prince George .....

But, there is a famous expression. "Go west young man, go west." Do that and there will be plenty more.

Of course, one can also go south .... way south ....

Odessa, Texas
http://www.odessaforsale.com/content/listdetail.html?propid=102280007&proptype=*&minprice=-1&maxprice=-1&bed=-1&full=-1&selectvirtualprops=1&propertyCount=41&show_listings=1&ag_id=691568&pageclicked=1&proppos=8&ids=108928643,99566286,100684281,112427729,111235534,98397380,114301391,102280007,108982468,108290141

$179,900, 4 bedrooms, 2 baths, 2,134sf built in 1985

WONDERFUL HOME IN ESMOND ESTATES! Neat as a pin!This cozy home features 4 bedrooms, 2 baths, 1 living area with a wood burning fireplace, and formal dining. Features include plantation shutters across the front of the house, a large kitchen, a wet bar, ceramic tile and carpeted floors, timed thermostat, double garage with auto door opener, a private herb garden, open patio, masonry fence, and auto sprinkler system. The fourth bedroom is currently being used as a bonus room. It has an exterior door to the back yard and could be used for a Large bedroom, office, or second living. Call today for your private tour of this great property!

It is 500 km to Dallas on a 4+ lane interstate which gets you there in half the time that it takes us to get to Edmonton, Calgary, or Vancouver. So don't use the "in the middle of nowhere excuse :-)

If you want to learn more about the 90,000 population city with University, College, and a performing arts centre along with the requisite US small town sports teams go to

http://en.wikipedia.org/wiki/Odessa,_Texas

downtown: http://en.wikipedia.org/wiki/File:Odessa_IMG_0319.JPG

real estate in pg is goin no where.the board has been reading 81 000 population since the early 80s,i remember 25 years ago walking across on a elementary school field trip and today its the same

One other thing.

"The average price of a home sold this year is more than it was last year".

However, that average home size may also have increased. The average age of the home may have decreased. We may not be comparing apples to oranges. Money buys something. We do nto know what the average money bought last year versus this year.

To me it is clear that there are many other things which provide a better measurement of exactly waht is happening in real estate. It would be nice to have some real information from independent parties. You know, something like an independent auditor who decides what to measure and how to measure it.

Averages mean nothing.

PG is going to be leading the real estate sector. interest rate hikes, falling lumber prices, tighter lending restrictions will not slow down real estate here.

I think that many of the retirees will head for warmer climates once they see a decline in pricing in warmer climates.

gus i think its time to take a statistics class.

PG is going to be leading the real estate sector. interest rate hikes, falling lumber prices, tighter lending restrictions will not slow down real estate here.

I think that many of the retirees will head for warmer climates once they see a decline in pricing in warmer climates.

gus i think its time to take a statistics class.

Top of St. Lawrence. Three story homes nearly $400 thousand. No land around it for a descent back yard. Good luck re-selling those tax and heat suckers to the next rube.

A yes, view lots.

View lots of the neighbouring backyards below.

Realtor spin and rhetoric.