I believe Ric mentioned W23 and W24 which is why Hodgkinsken just posted those.
Nov 2010 to Nov 2009, then the sales are 699 to 828 (a 15% drop in sales). Not quite the 70-80% drop that Paperchopper referenced, but also not the stable sales figures that Hodgkinsken posted.
i have to agree with daveto here ...
since your rental cost is only 40% of the ownership cost, that frees up alot of disposible income for either to use or save !
you may have done it already, but if you haven't, formally write out your monthly budget over the past year (or longer if you think it's good).
look at where all your monthly expenses are (discretionary and fixed) and how that compares to your income.
now if you were to buy, can your budget handle a 150% increase for housing expense ?!?
let's say you're renting a bachelor for $600/m, can you handle another $900 (@ $1500/m) for the warm and fuzzy feeling of ownership?
that's a dramatic difference, and let's not forget what happens when interest rates increase too !
rent control prevents you from seeing anything more than what the gov't allows.
for 2010, the guideline was 2.1 per cent. http://www.ltb.gov.on.ca/en/Key_Information/274235.html
for 2011, the 2011 guideline is 0.7 per cent. http://www.ltb.gov.on.ca/en/Key_Information/STDPROD_067677.html
W19 - Is Mississauga
W27 - Is halton Hills
W28 - Is Caledon
Looking at nov vs nov can be misleading. One data point does not a trend make. I don't think anyone is arguing that activity is down over last years record breaking November.
Statistically insignificant. Some of the skew could even be attributed to the extra Sunday in Nov, 2010 compared to Nov, 2009.
Statistically insignificant? Based upon what standard.
I'm an actuary, and in my professional opinion it certainly is statistically significant.
Ummm... gut statistics? A few random events could result in a much changed variation between 699 and 828. The numbers are pretty small. Weather, news, a few major openings, etc., could throw the difference quite a bit.
Ric, let's be frank. You're a realtor, and realtors only get paid if there are sales.. No realtor will ever say "don't buy".