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Article #93

Re: New house price index

#93
From: Elat Lerner
Date: Sat, 10 Nov 2001 18:57
46 lines
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That's great. Thanks a lot.

The site you porvided has an inflation calculator, and
assuming I pressed the right buttons, it appears that the 
accumulated effects of inflation from 1992 to 2001 are 
16.87%.

So that means the only cities in Canada ahead of inflation
in terms of their new house prices since 1992 are:
	Calgary                 36.50%     
	Regina                  35.80%     
	Ottawa-Hull             20.70%    
	Saskatoon               20.00%     
	Winnipeg                19.50% 
	Charlottetown           18.70%

The one's that did not make it include all cities in
Ontario (other than Ottawa), BC, Quebec and more.
 
Gordon Dewis (gordon@pinetree.pinetree.org) writes:
> In ont.general Elat Lerner <cx172@freenet.carleton.ca> wrote:
>> Can anyone supply inflation rates for the period 1992-2001.
>> Would be interesting to see what the real growth has
>> been in the housing market.
> 
> Taking a quick look at the Statistics Canada website, the Daily release
> of the NHPI indicates 1992=100, meaning all prices are in 1992 dollars.
> 
> The Bank of Canada has information about inflation on their website at
> http://www.bankofcanada.ca/en/inflation/index.htm
> 
> However, it looks like there are different measures of inflation.  Though you
> should check the documentation in the NHPI and/or CPI, I would imagine that
> Statistics Canada uses the CPI when correcting dollars since it is an index
> produced by them.
> 
> My $0.02+taxes, corrected for inflation... 
> 
>   --G
> 
> -- 
>   Gordon Dewis        |  Tired of using "military intelligence" as an example
>   BA Hons Geography   |  of an oxymoron?  Try "ethical bulk emailer" instead.
--
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From: cx172@FreeNet.Carleton.CA (Elat Lerner)
Newsgroups: can.construction,ott.housing,ont.general,can.general
Subject: Re: New house price index
Date: 10 Nov 2001 18:57:49 GMT
Organization: The National Capital FreeNet
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