Your interpretation of data is flawed.
1. Your analysis does not consider normal seasonal variances
2. Your analysis does not consider current data in the context of historical data.
3. Your analysis does not consider "bracket creep" (in this case above/below $1m)
Finally, contrary to your conclusions, a review of TREB data in the Market Watch reports indicates that the 2013 sales activity in the excess $1m bracket has been statistically consistent with sales activity in the below $1m bracket. The various differing gov't actions have affected $1m+ properties, but also entry level properties.
I beg to differ!
My target is not to compare with the year before
My target is to see the MOI which is a sort of on the spot indicator.
By this indicator North York is in big trouble. This season and now.
So 1 and 2 are covered by this.
I do not really understand the "bracket creep" term , can you be more explicit?
The very reason why I am collecting my own stats is because I do not trust TREB.
During the last months they repeatedly either adjusted the numbers for the year before for the current month to fit the "vibe" and the hype they wanted to put on their monthly release.
In one instance they either made appear or disappear like 1000 listings (new listigns for that month or something like that) That is crap, incompetence and more than anything it means that nobody can use their data for a reliable analysis. So don't even mention TREB to me.
I never said that the government measures did not affect the entry level properties.
That is being shown in my maps and there you can clearly see that they are consistently getting less than the asking price.
I think that since I have enough data I can make my maps finer to go in 50K increments for price levels so I can show clearer the price decline in these areas (I am referring to the blue areas on my maps).
We are witnessing a decreasing in prices at the extremities of the price ranges and an increasing in the median segment (500k-1mil)
Like it or not they will have to do something about it, I am seeing more and more comments about CMHC in the media and it seems that the things are moving or changing in this institution. There must be a reason for that don't you think ?