Context is important.
Average home prices in parts of Toronto, for example, are currently $1.5 million for a detatched home. Five years ago, they were closer to $850,000.
A 14% drop means those houses will now sell for... almost $1.3 million.
What they do from there is guesswork, but context is important.
Context is important.
Average home prices in parts of Toronto, for example, are currently $1.5 million for a detatched home. Five years ago, they were closer to $850,000.
A 14% drop means those houses will now sell for... almost $1.3 million.
What they do from there is guesswork, but context is important.
(post is archived)