March 2022 — FOUR LOOKS at GTA/TRREB PRICES

Third Best March -behind only 2021 which was #1 All-Time Record (by a huge margin) for ANY Month and #2 the Last Month of the prior sales-boom in 2015-16-17 Same data using SCHOOL YEAR Sept – August “fiscal-style” year Still 15.74% above 10 year March Sales Average My chum and office colleague Ron Hauth combines…

INFLATION (one aspect ie the Tangible Asset aspect)– the increase in nominal prices due to the diminution of value of the local currency.

INFLATION (another aspect) – the increase in prices due to increases in INPUT prices (labour, transportation, raw materials etc) INFLATION – the measures that governments offer as measurements for public consumption via News-Outlets CPI — it’s ONE measure offered and I’ve used it here for last several years (2% CPI era) —- but I think…

It’s too early to assess but so far the “Excessive Exuberance” since Kovid-recovery is demostrating a reverse Ripple. It seems recent-acq Spec-Buyers, Market-timing Sellers and the overly-Greed are getting squeezed – but we’ll know in 6-8 weeks the fuller picture

TrREB watches 416 and “the Rest of the Universe” named 905 WHERE were the Sales Located in March? THE QUICK OVERVIEW – shows slightly higher (10-15%) prices in 905 – but that’s the property type mix Each Property Type shows 9%-29% Higher Prices in 416 Separating Prices into 905/416 Separating Sales vs their 10 yr…