unclebobexplains

Uncle Bob …you got a lotta 'splaining to do about Real Estate, financing and real property trading. — You have a favourite uncle, don't you? – someone who loves you like your Mom/Dad … but is a lot more fun? That's the relationship we'll have- on this site and in person. Lots of Q's and A's in November 2013 link, scroll down, on Right Side

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Look Deeper!! 905 Surged Higher & has Fallen Harder (than 416) in the past Year

February Prices DETACHED ONLY 2014 thru 2023 February DETACHED ONLY Prices as % Change in 1 year 416 and 905 Monthly Prices charted separately (N.B. 416 Peak was 2 MONTHS LATER – April’22) The MAGIC MONTHLY Payment that people WILL pay (albeit grudgingly) to GET WHAT THEY WANT $4,147.40 for P & I in 2022…

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GTA Realty March Sales now Averaging 300/day which calc’s to approx 6,900 month – about 70% of the 5yr and 10 yr Averages (up from 45-50%)

Headline says 6900 — these two images show 6,646 as sales BECAUSE I add a day to my preliminaries, then average the two. I use the lower number until the last week of the month

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‘Interest rates will be low for a long time’: Macklem. A rookie mistake? announcing it sure was

https://www.bnnbloomberg.ca/interest-rates-will-be-low-for-a-long-time-macklem-1.1465901

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March 8th -BANK of CANADA holds the rate(s) – (their “Conditional Pause” is extended)

Guessing — What is the Average House Price likely to be on December 2023? In addition to Video another type of projection Updated Feb chart — better than in video

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The 10 Year comparison to Inventory, New Listings, Days on Market, Months of Supply, Sales and the rest

DUPLICATED NEW LISTINGS — each month 20-30% of the “New Listings” are Do-overs — if we overestimated sales or Prices by 20% would there be a hub-bub?

EACH MONTH TRREB prepares, but kinda soft-pedals, this Region By Region breakdown My Spreadsheet and comparison table My chart showing BOTH NEW & NET-NEW Ron’s Chart showing New (TRREB) Listings divided by Sales

2 weeks ago March 7, 2023 in Uncategorized.

Guesstimates

2 weeks ago March 7, 2023 in Uncategorized.

Look at the SPIKES in Months of Inventory — Ron Hauth’s Graphs

2 weeks ago March 7, 2023 in Uncategorized.

Feb 2023 — 4 looks at Prices

2 weeks ago March 7, 2023 in Uncategorized.

4 Looks at Sales in February 2023

2 weeks ago March 7, 2023 in Uncategorized.

PRICES and INFLATION

A few more CPI Inflation adjusted INCLUDING Bank Of Canada March 1 2023 Adjustment- still in the works

2 weeks ago March 7, 2023 in Uncategorized.

GTA/ TRREB February 2023 — Februarys go up by 6.02% on average OVER January in 22 of the last 22 years — This year Feb was up 5.48% — did you hear that anywhere else?

We made a Youtube on Friday 3rd afternoon – since then I’ve done my regular charts — we’ll do another early this week (March 6th-7th-8th) 416 and its 3 905’s WHERE were the sales? Look at the 905-over-416 “Price Gap” in 95C (3 down) By type

2 weeks ago March 7, 2023 in Uncategorized.

FEBRUARY TRREB Results – March 3, 2023 — Watching a garden that somebody else planted – will they have long stems or be bushy? small flowers or BIG?

Close to the $1.095,617 – My Max was $1.101MM a& Min was 1.017 — AVERAGE used was $1.059 — off by 3.3% Prices UP from January 2023 by 5.48% — Not Quite the 6.02% (the 22 year Trend), but much better than -2.02% (the 11 month Trend) Sales up to 22nd-best February — Up from…

March 4, 2023 in Uncategorized.

March 2, 2023 — Does it Cost More to carry a Mortgage – despite the 20% drop in Prices ?– YES! Why? Mortgage rates at 2% were too low, helped drive UP prices , Promises of “stay low for a long time ” was the Fundamental Error

March 3, 2023 in Uncategorized.

another quick Look at News Articles

THIS is PRICE DISCOVERY!! Before getting excited about and new-to-the-market property – DISCOVER how many years the current seller has owed property and the acquisition price.

February 28, 2023 in Uncategorized.

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Recent Posts

  • Look Deeper!! 905 Surged Higher & has Fallen Harder (than 416) in the past Year
  • GTA Realty March Sales now Averaging 300/day which calc’s to approx 6,900 month – about 70% of the 5yr and 10 yr Averages (up from 45-50%)
  • ‘Interest rates will be low for a long time’: Macklem. A rookie mistake? announcing it sure was
  • March 8th -BANK of CANADA holds the rate(s) – (their “Conditional Pause” is extended)
  • The 10 Year comparison to Inventory, New Listings, Days on Market, Months of Supply, Sales and the rest

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