A Rant: Stock&Bond Economists making comments on Real Property market – ONLY from stats
On June 6th TD published an encyclical on Cdn Real Estate entitled A Welcome Cool-off for Toronto Housing Market as Listings ReBound https://www.td.com/document/PDF/economics/special/GTAHousing_June2017.pdf This is my reaction, written on my phone -typos, warts and all Dear ______ The June 6th letter must be written by loftily ensconced Economic gurus who have not lived in Toronto…
Huge % change in NEW LISTINGS … but is there more (i.e. less) to that story?
The Toronto Real Estate Board reports 25.3% MORE New Listings in 416 and 63.8% MORE in the surrounding areas — total averages to +48.9% over 2016 The reported total of NEW Listings was 25,837 (vs 17,356 in 2016 May) BUT …. many properties had 2 and 3 listings (consecutively and all wholly above-board) as the…
