2697 replies to this topic

[MarkoJ]

[Nparker]

We'll be lucky to see 60% of last July's sales by month end.

[MarkoJ]

We'll be lucky to see 60% of last July's sales by month end.

 

We will get to 500 I think....even 100 per weeks gets us to 447. 

[MarkoJ]

[Victoria Watcher]

^ simple extrapolation (not taking into account the weekend effects) says we'd end up with 490 sales for the month.

Edited by Victoria Watcher, 18 July 2022 - 07:39 AM.

[Mike K.]

And there's still crazy demand out there. My friends saw a listing pop up that they liked, they called their realtor, and found out it already had an accepted offer, so two days on market. There are still bidding wars on the good stuff, and what's great about the current market is the garbage is no longer being ridiculously priced.

[MarkoJ]

^ simple extrapolation (not taking into account the weekend effects) says we'd end up with 490 sales for the month.

 

More like 525 to 540 imo. 

 

285 + 125 + 115

[Victoria Watcher]

I'm bidding 517.

 

Place your bets, people.

[Barrrister]

I will bid 506.

[MarkoJ]

Revising my projection to 495 to 505. 

 

[Barrrister]

Looks likely the Fed is going to bump up .75 and we are likely to follow. 

[MarkoJ]

[Nparker]

Slightly fewer sales than I had predicted.

[Victoria Watcher]

Actual:  510

 

Standings:

 

1. Barrister - 506 - under by 4
2. VW: 517 - over by 7
3. Marco: 495 to 505 - under by 5 to 15 (hedge bet penalty adjusted to 10 under)

[Victoria Watcher]

Slightly fewer sales than I had predicted.

 

I don't see your prediction above.

 

You did say we'd be lucky to get to 60% of last July sales, which would be 501, and we surpassed that.

Edited by Victoria Watcher, 02 August 2022 - 09:06 AM.

[Nparker]

I don't see your prediction above.

I never submitted it, but I figured it would be around 515.

[Victoria Watcher]

Ah, sealed bid/never submitted.

 

You can't win if you don't play.  

Edited by Victoria Watcher, 02 August 2022 - 09:06 AM.

[Barrrister]

I am curious how the condo presales are going at this point? 

[UDeMan]

https://www.vreb.org...stics#gsc.tab=0

 

looks like the averge house price down to just a bit over $1.2 mill

Edited by UDeMan, 02 August 2022 - 03:30 PM.

[Victoria Watcher]

June home sales were down 24 per cent year over year, the CREA said last month, following a trend that has seen housing activity slow drastically since April after the central bank began hiking its key interest rate in March.

 

Meanwhile, the average home price declined 1.9 per cent month over month in June — but was still up 14.9 per cent from the same time last year.

 

The development has, however, put pressure on renters. The rental market continues to swell amid demand from those opting not to buy due to rising inflation.

 

The average rent for all Canadian properties was $1,885 monthly in June, according to Rentals.ca, an increase of 9.5 per cent annually.

 

 

https://globalnews.c...rce=@globalnews