daveto
Active Member
wrt the 5.6% increase in 416 condos, note pages 14 of the 4/12 and 4/13 reports
http://www.torontorealestateboard.com/market_news/market_watch/2012/mw1204.pdf
http://www.torontorealestateboard.com/market_news/market_watch/2013/mw1304.pdf
Four things to note.
First, while the average price is up 5.6%, the median is up 2%. That indicates a strong skew from the higher priced properties
Second, look at C09, which went from 15 properties at $455k to 14 at $982k. That represents a $7m increase to the total sales of $560m, and is responsible for 1/4 of the 5.6% increase
Third, look at C02, which went form 34 properties at $798k, to 42 at $930k. That represents an $11m increase to the total sales, and is responsible for 1/3 of the 5.6% increase.
Fourth, C01 saw price decreases of 1%.
There are various other shifts, but the key takeaway is the first point (avg up 5.6%, vs median up 2%, which indicates product mix skew)
http://www.torontorealestateboard.com/market_news/market_watch/2012/mw1204.pdf
http://www.torontorealestateboard.com/market_news/market_watch/2013/mw1304.pdf
Four things to note.
First, while the average price is up 5.6%, the median is up 2%. That indicates a strong skew from the higher priced properties
Second, look at C09, which went from 15 properties at $455k to 14 at $982k. That represents a $7m increase to the total sales of $560m, and is responsible for 1/4 of the 5.6% increase
Third, look at C02, which went form 34 properties at $798k, to 42 at $930k. That represents an $11m increase to the total sales, and is responsible for 1/3 of the 5.6% increase.
Fourth, C01 saw price decreases of 1%.
There are various other shifts, but the key takeaway is the first point (avg up 5.6%, vs median up 2%, which indicates product mix skew)
Last edited: