AVERAGE PRICE represents the Prices of the Homes THAT SOLD that month – the composition is different all the time — not the homes that are not sold and those that are NOT for sale
The “Do-Overs” make a Mockery of the SNLR (which we give to CREA and sometimes gets the CREA aggregation gets included in Monetary Policy Report – This time it’s chart 17
These two are the finest ones I have ever done, IMHO
School Year PLUS this calculates the TWO YEAR Price change — NOT the one year REGULAR Calendar I wish they started the Price scale at 600K or 750K Ron Hauth’s Chart starting from 1972 — GFC barely registers And 2007
School Year shows the prior months of Q3 & Q4 2022 See January ?? — stuck on the left-hand edge.. Good ol’ Ron Hauth Shows both Price and Sales for us
WHERE were the sales: Kinda similar distribution … but it’s early yet. Prices dropped more in one year in 905 and sales dropped more in 416 By Type the differences 10%- 21% higher in 416 SEPARATED Looks at PRICE Separate looks at Sales both off by 35-38% from longer term averages
Estimated Jan 2023 SALES in “School Year” (Sept-to Aug) format. I think it’s the best way to demonstrate “Seasonality” esp at this time of year (below) See how January gets ‘lost and totally disconnected from Q3-Q4 of Prior year’ on the left-hand borderline Projecting PRICES to range of $1.029MM to $1.064MM HOW WE CALCULATE the…
NB Mr Rosenberg NOT in the Real Estate Business – i.e. he wants you to give your investment money to His Team, not Our Team — but that doesn’t mean he’s not a keen observer of fiscal, monetary/ economic trends, regular/ sophisticated people, markets generally, governments specifically — and the bonehead ideas that self-interested advisers…
Two Looks at Projected SALES We continue (7th consecutive month) being 45% below the 5 & 10 year averages and 50-60% below the Level of HOT market sales Prices: two Different Looks Calendar year (Jan to Dec) using the 20 year average of % chg from Dec to January which is +1.29% and our Minimum…
Updated: December 16, 2022 The new residential property flipping rule, introduced in Budget 2022, is now law. This rule was included in Bill C-32, which received Royal Assent on December 15, 2022. The new rule deems profits from a “flipped residential property” as business income to target individuals that misclassify these profits as a capital gain to…
CBC Article about a subdivision in Brampton that we reference in Video Future Video will talk about this Article about presales for High Rise Condos “… surge in home buyers desperate to get out of deals as rates continue to soar TorStar Jan 11, 2023” Further Backgrounder from Nov 2022 — Same writer Torstar
Simple answer is – they THINK differently and therefore PERCEIVE differently. THEN they have to be able to write their opinions down in words in a way that other similarly-trained experts will not disagree nor pick apart for being without foundation. This EXAMPLE is from a list of Definitions on the Bank of Canada website…
Recorded Thursday Afternoon Jan 5th 2023 Accompanying Charts Corrected since recording — instead of “guessing at 25% ReList “Share of Total ” rate – Actual TRREB December ReList Share was published as 923 listings representing 22.7% of 4,074 Total New Listings Subtracting to obtain 3,151 Net-New Listing and to calculate that 29.29% of December listings…
unclebobexplains 