This is a follow up to an earlier posting about discrepencies in dollar sales figures released by the Okanagan Mainline Real Estate Board.
I’ve taken another look at the OMREB statistics, and have come across yet another anomaly. Their own numbers for the inventory of unsold single-family residential listings do not agree with one another. If you get the inventory from their monthly statistics releases, the number is different from their monthly statistics graph releases.
The numbers match up until July of this year, and then they diverge, with the monthly statistics numbers being reported as 5% to 8% lower than those in the statistics graphs reports. It sure looks like they were trying to make the inventory increase this summer appear less bad than it really was. You’ll notice that they did not include a number for December’s inventory in the just-released statistics graph report. (typical sloppiness!)
I have emailed OMREB previously regarding other discrepancies, and received a less than forthright answer. I’ve basically written them off as incompetent at best. I also have another graph showing the same problem in the Central Okanagan, if you’re interested.