Estimated on Sept 29th MONTHS of Inventory 13-19% ABOVE 5&10 yr Average

Click link below to OPEN Your Own Version of this Interactive chart from Bank of Canada When you open it Drag the toggle to select Start Year & Finish Year — then mouse-hover to see Date/Rates precisely https://www.bankofcanada.ca/rates/banking-and-financial-statistics/posted-interest-rates-offered-by-chartered-banks/ NOW — If we can combine the two (and maybe adjust the House Prices for CPI) For…

Version #1 — Simplified Version #2 — more recent years all together

Just imagine the powers the Prime Minister’s Office would have taken up and been able to still use …  Then imagine that another Emergency -an actual shooting/bombing War – had prompted a previous Prime Minister to make a similar no-Parliament-necessary Proclamation. Imagine what emergency powers and procedures would have been enacted to address that event…

Inventory is Down — Notwithstanding the relief from Lockdowns and Vacations, we are off by 11%-15% New Listings -SUPPLY IS THE PROBLEM – New Lists (the Life Blood) are off by 15-18% or by 37% depending whether you count “Do-Over Duplicates” Perhaps this is why we had No CNE lull this year TrREB’s New “ReList…

The MONTHS of Inventory stands at 2.36 Months (at the current rate of Sales) NOTHING MUCH FOR SALES Gotta look close BUT steeply down from last month WHERE MIGHT PRICES GO? 20% off the peak has been the consistent past precedent — but did we ever have 2% First Mortgages before? –will we see 2%…

Seems like the end of the slide? (not worse than 1 year ago at least) Two year change coalescing at 13% gain – does that mean anything? TrREB Bar Chart — Orange bar — Let’s talk in a month Ron Hauth’s view of the recent Price Surges – since 2010 and since 1972