But WHERE are the Buyers buying?         Advertisements

SUMMARY — No complaints   Inventory was at the 10 yr Average (+0.28%) New Listings were 4.12% over the 10 yr   Days on Market -UNDER by almost 2 days (-9.09%)   Absorption a) Months Supply –AT the 10 yr Average & b) Sales to New –off by -8.20%

N.B. TREB had 9,989 MAY Sales and 62.81% were in 905 … but where 416Metro —- 37.19% West905 —- 31.8% North905 —- 19.23% East905 —- 11.77% Sneak Preview below ***   WOW#1 — 416 Prices in May were -0.50% from All-time Month Peak Price   WOW#2 – 905 Sales were -0.67% from 10 Year May…

Calendar year -9th BEST May EVER (others were 2007 & 2011-17) – only -3.88% from the 10 year average School Year – Sept to August (Smack-Dab in the centre of everything) TREB

So many … TREB 2019+3 year narrow slice-of-time — Brown/orange (only 4 months EVER higher) 40 year nominal view Courtesy Ron Hauth – RE/MAX Hallmark Realty Calendar year (January to December all at once) 2002-TYD School year (September to August 2002-03 to now)  

These two lines (with squiggles and arrows) tell the story of NOMINAL Prices (as reported that yr) and ADJUSTED (to $2019 by BoC CPI) Prices   This single line is the ADJUSTED Price “zeroed” to prior Peak in 1989 The Adjusted Peak Month was 190.07 The Adjusted Peak Annual Price was 170.30 Combined TREB Areas…