May TREB realty prices & INFLATION

These two lines (with squiggles and arrows) tell the story of NOMINAL Prices (as reported that yr) and ADJUSTED (to $2019 by BoC CPI) Prices   This single line is the ADJUSTED Price “zeroed” to prior Peak in 1989 The Adjusted Peak Month was 190.07 The Adjusted Peak Annual Price was 170.30 Combined TREB Areas…

Statistics speak with accents

You may not have seen my comment on NatPost “sky is falling” piece “It’s going to be hard to own a home in Toronto if you are not part of the 10%: report” Comment: It’s vital that Canadian taxpayers/voters appreciate the Statscan concept of Quintiles because this is how the mandarins think. Statscan divides the…

I-Buyer, Zillow, Not-so-bad R.O.B. Hahn -Realtor Quest next week (May 30/19)

My only objection (as a Canadian RE/MAX Realtor in Toronto, Ontario) is to the name — “ibuyer” borrows a ‘trendy disruptor’ nuance and a subconscious ‘Apple Computer’ flavour to the “We buy ugly houses for cash” unregulated , uninsured, unlicensed realty speculator/flipper market segment. Notorious R.O.B. Conversations about the Real Estate Industry Excerpts: iBuyer and…

ScotiaBank Economics “charts” their own course in R E Stats

Their Provincial Economist (Marc Desormeaux) has enhanced their ‘old style’ report with a Double Chart – combining yr/yr % Chg in a market’s Adjusted House Price Index (HPI) with a lagged-by-6-months representation of that area’s Sales-to-New Listing Ratio. I’m amazed at how well these two market indicators’ “peaks” – line up together when placed this…

TREB stats — a 10 year Look = typical

Inventory April was 1.17% below the 10 year Average New Listings – April was 0.16% Over the 10 yr Days on Market April 19 days vs 10yr of 20.6 days Months of Supply (Inventory at today’s selling rate) 10 yr is 1.91 months of Inventory — April was 1.99 months Sales to New Listing Ratio…