EXECUTIVE SUMMARY Why is market tight? NEW LISTINGS stats is 20% OVER-STATED — it’s BLOATED by these duplicates Today’s content I started talking again about this in my 10yr comparative Look at the May GTA Stats Heck – if … the Terminate & Immediate re-list Listing Strategy was used by a Large NUMBER (say 50-60%)…

INVENTORY WAY BELOW averages NEW LISTINGS are spot on, BUT … if we say 15% of NEW are duplicates (Terminate after failed initial strategy and immediate re-lists) then New Listings are down 12- 13% from the Averages Ronnie shows TrREB’s un-interpreted NEW Listings figures being way up and Active/Total Listings being on typical – this…

Covid interrupted the Almost-always Year over Year Price Increase Notable today TrREB has had DOUBLE-DIGIT yr over yr PRICE Increases in 18 of the last 18 months – pushing the historic limit which was BUSTED to bits by the 16 Steps of the Wynne Lib Ontario Gov’t in April of 2017 Same Info – USING…

The News says Sales are Down — But ONLY compared to the ALL-TIME RECORDS set in March 2021 and Record Month in April 2021 Heck May was 2nd Best May EVER and one of a very few months w sales over 11,000 NB Prices move up when sales Exceed 8,000 in a month SAME Info…

Adjusting our Annual Average Prices by the CPI This graph shows the numbers publish each year (Nominal Values) and the ADJUSTED by CPI Values for the same year PS Never say BOOM because its followed by a Bust Same CPI ADJUSTED Prices – regularized to 100 as of 1989 Peak WHERE WILL IT ALL END?…

Distribution of Sales by 4 Regions Breaking Down Sales, Ave Price, New Listing by Month & YTD (plus last year). A quick look says 416 Prices are only 1.145% more expensive (or 3.743% LOWER than 905 if you look YTD) BUT looking a Home TYPES the Dollar disparity grows Detached are 28.93% higher in 416…

Every month two of my pals tell me that all these squiggly lines don’t mean a thing to them — hope you feel differently MAY had 20 reporting days out of 31 calendar days — lots of weekends and a Long Weekend. If I’d run an estimate a few days ago I would have been…