Estimated on Sept 29th MONTHS of Inventory 13-19% ABOVE 5&10 yr Average
from a tweet i sent. ResRE market is not Bulls/Bears -it’s 2 segments a)Owner-Occupied(O-Occ) & b) Non-Owner-Occupied(Insvtr). IMO 2022 Invstrs are dumping their losers & not-buying while O-Occ Sellers are waiting OTM, while O-Occ Buyers ONLY offer on “must-sell, perceived-bargains”. Like 1981or1992
Click link below to OPEN Your Own Version of this Interactive chart from Bank of Canada When you open it Drag the toggle to select Start Year & Finish Year — then mouse-hover to see Date/Rates precisely https://www.bankofcanada.ca/rates/banking-and-financial-statistics/posted-interest-rates-offered-by-chartered-banks/ NOW — If we can combine the two (and maybe adjust the House Prices for CPI) For…
Version #1 — Simplified Version #2 — more recent years all together
Just imagine the powers the Prime Minister’s Office would have taken up and been able to still use … Then imagine that another Emergency -an actual shooting/bombing War – had prompted a previous Prime Minister to make a similar no-Parliament-necessary Proclamation. Imagine what emergency powers and procedures would have been enacted to address that event…
Inventory is Down — Notwithstanding the relief from Lockdowns and Vacations, we are off by 11%-15% New Listings -SUPPLY IS THE PROBLEM – New Lists (the Life Blood) are off by 15-18% or by 37% depending whether you count “Do-Over Duplicates” Perhaps this is why we had No CNE lull this year TrREB’s New “ReList…
The MONTHS of Inventory stands at 2.36 Months (at the current rate of Sales) NOTHING MUCH FOR SALES Gotta look close BUT steeply down from last month WHERE MIGHT PRICES GO? 20% off the peak has been the consistent past precedent — but did we ever have 2% First Mortgages before? –will we see 2%…
Seems like the end of the slide? (not worse than 1 year ago at least) Two year change coalescing at 13% gain – does that mean anything? TrREB Bar Chart — Orange bar — Let’s talk in a month Ron Hauth’s view of the recent Price Surges – since 2010 and since 1972
A tick up in a sales doldrum … but still the 21st Best Month of August Same Data but Fiscal Year-like view SCHOOL TERM — not near the 8,693 Sales 10 Yr average The Orange Bars are shrimpy Ron Hauth shows us Prices AND Sales at same time
Distribution of the 21st Best Month’s Sales East creeping up as 416 fades (percentage-wise) By Zones Price gain Y over Y in 416 while flat in 905s BUT 905 still higher Average Price by 7% TYPES of Houses Significant 416 Price Premium in Detached, Semi’s and Condo apt 905 & 416 sales are based on…
Thursday afternoon Sept 1/22 After the Sept 2nd TrREB August NEWS Release the Charts mentioned in this Video are immediately below
Between April 2020 & December 2021 Discounted 5 yr Mortgages could be had for 1.50%-2.64% Do you think these rates will return? The answer(s) are Yes/No … if Yes, then we must answer When? … & if No, then what is the alternative? Let’s examine the 3 future paths of Canadian 5 Yr First Mortgage…
unclebobexplains 