It irritates me to see almost the entire article focus on "the" Canadian market. Our various local markets do not usually move in tandem, and each deserves its own analysis. I guess I see the benefit of a "national" discussion as a starting point. But I think it is misleading to give it so much space.
(I do recognize this was in the Calgary Herald and mentioned a few Calgary-specific numbers. But the bulk of the article was about a mythical "Canadian" home price.)
There is no description of their methodology. Looking at the graph, it looks like they are using average selling prices, which is a very poor way of indexing the market.
" A verbal contract isn't worth the paper it is written on " Samuel Goldwyn
"The light at the end of the tunnel may be a freight train coming your way" Metallica - No Leaf Clover