DECEMBER 2020 – Here Comes a Booming Q1 for 2021. Flight to TANGIBLE ASSETS!
NB Feel free to send me your email address/ contact info and get on the monthly newsletter and TrREB Stats Analysis
COMPARED to WHAT?!? Nominal and Inflation-adjusted GTA Prices
The Future does not follow the past … but it is grounded thertein Same CPI-adjusted TRREB Prices but ZERO is set at Peak Price in 1989 (interest rates rising, flight to tangibles etc etc)
4.5 Looks at Realty PRICES
Dec2019, Jan 2020, Feb 20 & Half of March 20 showed double-digit yr-over-yr Price Increases Then Covid And then double-digit annual gains in July, Aug, Sept, Oct & Nov Nobody cares about this one Too Bad the Orange Bars collided w the Legend … TrREB must not print these and/or look at them before publishing…
PERSPECTIVE of 10years (or through a glass darkly?)
INVENTORY seems in keeping w last 5 yrs (2015 boom and un-boom) and 7.16% the last 10 yrs (to 2010 mainly Boom) NEW Listings (we all know that sometime these are double-counts and triple counts) Ron Hauth demonstrates the cyclical nature of Active Listings and New Listings PACE of the Market Days on Market by…
4 Looks at GTA Housing Sales
2020 was FULL of surprises! Jan, Feb & 1/2 of March RED HOT … then SARS-CoV-2 Lockdown then July, Aug, Sept, Oct AND Nov setting all-time monthly sales records Same Info … but using the School Year (Sept 1-Aug 31)
905 (it’s North, East & West) + the 416
Of the 8766 units Reported Sold in November by TrREB 416 edged out West 905 (no question –it IS BIG AND filled w 1- 25 yr old Houses) And Prices Don’t vary ALL that much when comparing all types in 905 against all types in 416 just 3.827% more in November and 10.851% Year to…