SUMMARY — No complaints Inventory was at the 10 yr Average (+0.28%) New Listings were 4.12% over the 10 yr Days on Market -UNDER by almost 2 days (-9.09%) Absorption a) Months Supply –AT the 10 yr Average & b) Sales to New –off by -8.20% Advertisements
N.B. TREB had 9,989 MAY Sales and 62.81% were in 905 … but where 416Metro —- 37.19% West905 —- 31.8% North905 —- 19.23% East905 —- 11.77% Sneak Preview below *** WOW#1 — 416 Prices in May were -0.50% from All-time Month Peak Price WOW#2 – 905 Sales were -0.67% from 10 Year May…
Calendar year -9th BEST May EVER (others were 2007 & 2011-17) – only -3.88% from the 10 year average School Year – Sept to August (Smack-Dab in the centre of everything) TREB
So many … TREB 2019+3 year narrow slice-of-time — Brown/orange (only 4 months EVER higher) 40 year nominal view Courtesy Ron Hauth – RE/MAX Hallmark Realty Calendar year (January to December all at once) 2002-TYD School year (September to August 2002-03 to now)
These two lines (with squiggles and arrows) tell the story of NOMINAL Prices (as reported that yr) and ADJUSTED (to $2019 by BoC CPI) Prices This single line is the ADJUSTED Price “zeroed” to prior Peak in 1989 The Adjusted Peak Month was 190.07 The Adjusted Peak Annual Price was 170.30 Combined TREB Areas…
How Many Wills Do You Need? Brian Madigan LL.B, Broker RE/MAX West Realty Ltd., How Many Wills Do You Need? May 8, 2019 – Updated: May 8, 2019 The answer is probably two. That may come as a surprise to many, but this is an estate planning technique which is helpful in reducing or eliminating estate administration…
Reasons For Buyers to Deal Directly with the Listing Agent by Brian Madigan, LL.B., Broker. RE/MAX West Realty Ltd — annotated and red-lined RCE version June 3, 2019 – Updated: June 3, 2019 They aren’t all crazy! The conventional wisdom is that the buyer needs to be properly protected in a real estate deal and have…
You may not have seen my comment on NatPost “sky is falling” piece “It’s going to be hard to own a home in Toronto if you are not part of the 10%: report” Comment: It’s vital that Canadian taxpayers/voters appreciate the Statscan concept of Quintiles because this is how the mandarins think. Statscan divides the…
My only objection (as a Canadian RE/MAX Realtor in Toronto, Ontario) is to the name — “ibuyer” borrows a ‘trendy disruptor’ nuance and a subconscious ‘Apple Computer’ flavour to the “We buy ugly houses for cash” unregulated , uninsured, unlicensed realty speculator/flipper market segment. Notorious R.O.B. Conversations about the Real Estate Industry Excerpts: iBuyer and…
Their Provincial Economist (Marc Desormeaux) has enhanced their ‘old style’ report with a Double Chart – combining yr/yr % Chg in a market’s Adjusted House Price Index (HPI) with a lagged-by-6-months representation of that area’s Sales-to-New Listing Ratio. I’m amazed at how well these two market indicators’ “peaks” – line up together when placed this…
Inventory April was 1.17% below the 10 year Average New Listings – April was 0.16% Over the 10 yr Days on Market April 19 days vs 10yr of 20.6 days Months of Supply (Inventory at today’s selling rate) 10 yr is 1.91 months of Inventory — April was 1.99 months Sales to New Listing Ratio…
