Inventory Lower by 13-20% than normal and Dec is ALWAYS a low point NEW Listings (yes there’s a lot of duplicate-counting) BUT 26-30% above NORMAL !! Ron’s Chart 5 shows both INVENTORY and NEW listings instead of each “Ourselves Alone” PACE of Absorption — DAYS on Market TrREB’s fancy new “all listing” stat says 35…
WE have had 7 consecutive months of Double-Digit Y/Y price increases — in the SARS-CoV-2 year PLUS 4 consecutive monthly Double Digit Prices Increases just before the LOCKDOWNs hit! Same Info except Sept – Aug Year format TrREB shows that PRICES are Higher than EVER Ron Hauth stretches our imagination back to 1972 — Homes…
Dec 2020 Sales were 130% of the Prior December MAX and +63% over 2019 Same Info but using School (Fiscal) Year Sept – Aug — Really shows the Winter doldrums between two annual rallies TrREB’s 4 yr Bar Graphs are best in December — the Whole cycle is apparent The 40yr Veteran Realtor Ron Hauth’s…
REMEMBER Cost-of-Living allowances built-into wage agreements? 6 and 5? 9% inflation and 12-18% mortgage rates? Well, since 2008 those ideas have been unthinkable … but like hemlines … everything always comes back Some 28 yr old spreadsheet wizard at fin.gc.ca will allow the Official rate of Inflation to slide up to 3% and the Bank…
38% of TrREB Sales are in 416 – pretty often it’s in the 35-40% range For the 1st time in a while, the AVERAGE 905 Price is HIGHER than the AVERAGE 416 Price by 6.4% (Why? Owners /Buyers of Big $stuff in 416 are on holidays, and small stuff -Condos are HOT again w Investors,…
NB Feel free to send me your email address/ contact info and get on the monthly newsletter and TrREB Stats Analysis
The Future does not follow the past … but it is grounded thertein Same CPI-adjusted TRREB Prices but ZERO is set at Peak Price in 1989 (interest rates rising, flight to tangibles etc etc)
Dec2019, Jan 2020, Feb 20 & Half of March 20 showed double-digit yr-over-yr Price Increases Then Covid And then double-digit annual gains in July, Aug, Sept, Oct & Nov Nobody cares about this one Too Bad the Orange Bars collided w the Legend … TrREB must not print these and/or look at them before publishing…
INVENTORY seems in keeping w last 5 yrs (2015 boom and un-boom) and 7.16% the last 10 yrs (to 2010 mainly Boom) NEW Listings (we all know that sometime these are double-counts and triple counts) Ron Hauth demonstrates the cyclical nature of Active Listings and New Listings PACE of the Market Days on Market by…
2020 was FULL of surprises! Jan, Feb & 1/2 of March RED HOT … then SARS-CoV-2 Lockdown then July, Aug, Sept, Oct AND Nov setting all-time monthly sales records Same Info … but using the School Year (Sept 1-Aug 31)
Of the 8766 units Reported Sold in November by TrREB 416 edged out West 905 (no question –it IS BIG AND filled w 1- 25 yr old Houses) And Prices Don’t vary ALL that much when comparing all types in 905 against all types in 416 just 3.827% more in November and 10.851% Year to…
REGULAR In-depth 10-year Comparisons coming Early November (after TrREB reports)
INVENTORY NEW LISTINGS — Way UP!! LOOKING FROM 2007 DAYS on MARKET LISTING Days (17) vs (cumulative for)PROPERTY Days (24) MONTHS of Supply = INVENTORY divided by Current Month’s Sales PRICES — GTA OVERALL — SALES of GTA/TrREB Reporting Market Area SALES — 905 and 416 Separately 905 is 48.98% ahead of it’s 10 yr…
WHERE are 4 consecutive Record-Setting Monthly Sales coming from? Sales in 905 vs 416 PRICES in 905 vs 416 $$ DIFFERENCES by TYPE
