NatBank Teranet reveals their Toronto data is lagged 4 months. IMAGINE what these sharp minds could do with “instant, as it happens” private info currently entrusted to TREB under Data Sharing Agreements & MLS Users Agreements TREB has with its Registered, Insured and Legally Liable members.

Teranet Survey for Toronto is lagged by 4 months! TIME, DEMOGRAPHICS & LOCATION are the NEW 3 most important aspects of a Real Estate Investment

This month the much-watched NatBank-Teranet shows, nay declares, that it’s (excruciating excellent) methodology takes time to collect, analyse and prepare for publication. See Red highlighted data in table below from their Sept 12/18 News Release

My opinion can only extend to the GTA information, but …. collecting data from Closed transactions (Teranet runs the Ontario Registry system) and then finding the same property’s prior sale(s) and calculating differences and similarity – which is how their (excellent) survey is prepared – can be expected to take a similar amount of time in other jurisdictions.

As everyone here knows, TREB’s monthly Greater Toronto Area “as it happens” Real Estate transaction prices peaked in March ($915,089) 2017 & April ($918,130) 2017

But many deals didn’t close for 3-6 months after that peak. So the “peak” in completed transactions showed up later. The peak occurred at the same time – just the methodology lagged the publication.

 

Few folks are aware know that this NatBank-Teranet index was originally conceived to be a “commodity index” – some sharp minds had hoped to create an options/futures trading business using the PUBLIC data to entice speculators/ investors to trade/ bet/ option with/ against its ups and downs.

IMAGINE what these sharp minds could do with “instant, as it happens” private information that is currently entrusted to TREB under the legally binding Data Sharing Agreements and MLS Computer Users Agreements TREB has with its Registered, Insured and Legally Liable members.

 

Metropolitan area Index Level % change m/m % change y/y From peak Peak date
Composite 11 226.12 0.24 1.37 0.00 Aug 2018
Calgary 181.33 -0.26 -0.47 -3.73 Oct 2014
Edmonton 182.36 0.16 -0.34 -2.95 Sep 2007
Vancouver 292.98 -0.36 7.64 -0.36 Jul 2018
Victoria 208.77 0.12 4.97 0.00 Aug 2018
Winnipeg 209.10 0.13 1.30 -0.04 Dec 2017
Halifax 149.11 -0.57 4.62 -0.57 Jul 2018
Hamilton 235.86 1.40 -0.69 -0.69 Aug 2017
Ottawa-Gatineau 160.99 1.37 5.24 0.00 Aug 2018
Toronto 245.37 0.27 -3.34 -3.75 Jul 2017
Montréal 173.43 1.18 4.77 0.00 Aug 2018
Québec City 183.74 0.45 1.43 0.00 Aug 2018
Report By:

Marc Pinsonneault
Senior Economist
Economics and Strategy Group
National Bank of Canada

cropped-nat-bank

https://housepriceindex.ca/2018/09/august2018/

 

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