GTA/TRREB Sales & Prices –Whither we goest? What’s the Precedent? When did we last have zero% Mortgages?
SALES ARE THROUGH THE ROOF!!!
RARELY DOES a TrREB BAR Chart SHOW the current situation so Vividly My 2 regular charts show the HUGE HIGHER LEVEL of SALES — but the page has so-much more — the Boom gets lost
PRICES Also Through the Roof
HIGHEST PRICES EVER no matter how you compare!!!! My two regular charts only obfuscate the UNPRECEDENTED -ness
Does INFLATION (or the fear of it) play a part?
IN CONSTANT dollars we can see the actual TREND And now both the Nominal Prices & CPI-adjusted Prices — from two booms ago
905 (really it’s everything outside 416) Leads the Charge
50.42 % of Sales were Freehold in 905 64.60% of Sales were in 905 West 31.52% North 21.76% & East 12.62% AVERAGE PRICE in Feb was 7.122% HIGHER in 905 than 416 (but it’s early in the year) BUT by TYPE it’s reversed …. 416 DETACHED exceeds 905 by 29.46% 416 Average Price of a…
10 Year Perspective …. GTA TrREB Realty
INVENTORY LOW, because sales for last 2 Quarters have been extr-ordinary NEW LISTINGS — actually +40% up … but STILL not enough to satisfy demand DAYS on Market normally 21-23 days — now 14-19 (depending on how you count PACE of the Market — “nobody’s price is underwater from 2017” — Rce 2021 Months of…