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Statement on Clarification of House Price Statistics


Bill Stirling

 

The Newfoundland & Labrador Association of REALTORS® (NLAR) and the Canadian Home Builders’ Association – Newfoundland & Labrador (CHBA-NL) are warning consumers not to read too much into the recent forecast on average house prices released by the Canadian Real Estate Association, so that consumers better understand the context of the report.


“An 8% decrease in the average price in the province does not mean your house is worth 8% less this year.” said NLAR CEO Bill Stirling.  “It means a greater portion of the houses sold in the province were in the lower priced end of the...


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