My only objection (as a Canadian RE/MAX Realtor in Toronto, Ontario) is to the name — “ibuyer” borrows a ‘trendy disruptor’ nuance and a subconscious ‘Apple Computer’ flavour to the “We buy ugly houses for cash” unregulated , uninsured, unlicensed realty speculator/flipper market segment. Notorious R.O.B. Conversations about the Real Estate Industry Excerpts: iBuyer and…
Their Provincial Economist (Marc Desormeaux) has enhanced their ‘old style’ report with a Double Chart – combining yr/yr % Chg in a market’s Adjusted House Price Index (HPI) with a lagged-by-6-months representation of that area’s Sales-to-New Listing Ratio. I’m amazed at how well these two market indicators’ “peaks” – line up together when placed this…
Inventory April was 1.17% below the 10 year Average New Listings – April was 0.16% Over the 10 yr Days on Market April 19 days vs 10yr of 20.6 days Months of Supply (Inventory at today’s selling rate) 10 yr is 1.91 months of Inventory — April was 1.99 months Sales to New Listing Ratio…
School Year/Fiscal Yr – Calendar Year TREB Chart 3yrs + Current PRICES HIGHER THAN ANYTIME (except 2017)
Nominal & Adjusted by CPI Same CPI-adjusted Prices – Zero’d to 1989 (Last Peak)
School Year/Fiscal Year Calendar Year TREB 3 + Current Yr
By Type of Home Price Average Detached +48.29% Semi Detached +52.42% Townhouse +20.79% Condo Apt +31.94% All Types 905-vs 416 416 Average $903,992 in April (+16.876%) 905 Average $773,462 in April
