I do this array of charts to convey a level of understanding that prior-month and previous-yr comparisons do not provide. Sadly, RIGHT NOW these give us absolutely no insight regarding the prospects for “Spring” – traditionally our best sales/price months My impression is that Buyers AND Sellers are PAUSING … adopting a wait and see…
How much of GTA is 416 & How much is each 905? About a third 416, a third West (Peel & Halton) and a third North & East Are the Price Differences Big? or is it simply The Ripple Effect, moderated by “how often DO we go to The Royal Alex?” ie the Urban –…
In like a Lion and out like a Lamb We really need a weekly report to show March 2020 — IMO weekly is rarely helpful (esp in a Month containing school Spring Break) BUT …. this MONTH, this YEAR it is the ONLY & BEST type to show the drop-off To that end, I’ve included…
We’re ~2% off the 2017 Peak –experiencing 4th consecutive double-digit Yr-Yr Increase Same Info — except using Sept-Aug School Yr Ronnie (Drums) Hauth’s 1972 to date Monthly Chart Ronnie’s Sales + Prices since 2010
Adjusting TREB Annual Prices by CPI to create Constant 2019 Dollars SAME CPI Adjusted Prices but set to 100 scale — 100 = Previous 1989 Peak
The BIGGEST component – low supply …. maybe Big 2020 prices AND the crocuses will bring more listings Way-Under normal; Number of New Listings is Ok Days on Market at 23 is short … 17 (if that’s right) is too short Months of Supply is Boom-ish Sales are Gobbling up 70-80% of New Listings (which…
Where are the sales? 416 Prices Average $989,218. 905 averages $869,381 (~14% less) Detached 416 is 46% higher Semi’s are 62% more BIG GAINS since 2012 – Mid-$400’s and ~$500 UNITS traded are up 22% from 10yr Ave in 905 —– Flat in 416 (nothing for sale)
3rd Best February 44-46% MORE than last year February Same in School Year Format 13.69% over the 10 yr average 2019 built up the momentum starting in May Wild chart from Ron Hauth shows columns of Sales and shows how Prices move up when sales hit 7000/month
Overall Composite Average Prices — 1% off the Past Peak 3rd Consecutive month w double-digit yr over yr Price gains Separating 416 & 905 416 sets a New High, 905 is 6% off the April 2017 Peak Same Data, School Year Format a pattern ….? TREB’s own 4 year comparison Ron Hauth’s 2007-ytd Monthly…
In Nominal and Constant 2019 Dollars If 1989 = 100, Feb’20 is 180.78 — April 2017 was 190.07
