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VMD
Member

New listings per day:
Feb 2013: 269 (+15% MoM)(+2% YoY)
Jan 2013: 233 (-15% YoY)

Feb 2012: 264 (-4% MoM)
Jan 2012: 274

We went from last month’s poor new listings (-15% YoY) to this month’s nice reversal @ +15% MoM & +2% YoY.

Almost looks like people were holding out until Chinese New Year to list their houses…

Short'em High
Guest
Short'em High

@VMD …recommend a good graphing/spreadsheet software…

http://gnuplot.info/

Short'em High
Guest
Short'em High

Another reason not to overpay. eg: Figure out the rent value bid and then knock off another 1-2% for every year since completion.

CBC: Buyers left with big bills when home inspectors miss defects

Comments section has the horror stories and why home inspectors aren’t really qualifed to provide a sound opinion on every property.

Guy Smiley
Member
Guy Smiley

@b5baxter…

Inventory is now at the highest point it has been in the last 8 years for this time of year.

Would that also make it the highest point it has been for this time of year in the last 1000 years?

Don't make eye contact
Guest
Don't make eye contact

“Looks like the big buying rush didn’t last more than a week.”

Yes. And it was a very small buying rush.

Aleksey
Guest
Aleksey

Predicting 16K party this month!

VHB
Member
VHB
Total days	19
Days elapsed so far	14
Weekends / holidays	7
Days missing	0
Days remaining	5
7 Day Moving Average: Sales	96
7 Day Moving Average: Listings	244
SALES	
Sales so far	1330
Projection for rest of month (using 7day MA)	482
Projected month end total	1812
NEW LISTINGS	
Listings so far	3760
Projection for rest of month (using 7day MA)	1221
Projected month end total	4981
Sell-list so far	35.4%
Projected month-end sell-list	36.4%
MONTHS OF INVENTORY	
Inventory as of Feb 21st, 2013	15451
MoI at this sales pace	8.53
ReadyToPop
Guest
ReadyToPop

Mr. Carney could face a decision many Canadians have in light of tougher borrowing conditions — namely is it better to rent or buy based on the current market.

Mark Carney’s $400K yearly housing allowance might not go very far in London

addair
Guest
addair

70 listings?
Looks like the big buying rush didn’t last more than a week.

Chabar
Member
Chabar

Just a year ago this Hollywood home had the same price as this Kerrisdale home

paulb
Member

New Listings 217
Price Changes 77
Sold Listings 70
TI:15451

http://www.paulboenisch.com

Short'em High
Guest
Short'em High

@VMD Graph/Plot Software:

http://www.gnuplot.info/

http://www.r-project.org/

@spaced889:

Try the graphic on the artist’s site for more clues…

http://221a.ca/wp-content/uploads/2013/01/henry-george-fay-lewis.png

space889
Member
space889

I don’t get it, how does this lower cost of RE? It’s not like you can actually live in 100 cubic sq ft or 1/5 of a condo? What if someone bought all the cubes for the bathroom in the condo while you bought the rest and wouldn’t let you use the bathrooms without paying a huge fee? How is that going to work? Or will the developer hold the cubes you can’t afford and you have to buy it from them 1 cube at a time using new mortgage while paying a rental fee? How will mortgage work when you can only buy say 40% of the cubes in a unit??

Lastly I hope the occupants of this cube scheme will last longer than these cube living pioneers – also of Canadian ingenuity:
http://www.imdb.com/title/tt0123755/?ref_=sr_2

VMD
Member

@real_professional
agreed. I came across that graph database while searching for the old “real vs nominal Van home price graph”. Last time I saw it it was only up to 2007, now they have extended the graph to cover up to 2012.

Speaking of graphs, can anyone recommend a good graphing/spreadsheet software other than google & excel? (with good customization options for graphs) thx!

patriotz
Member
real_professional
Member

Great chart – I see inventory peaking at 21K easy

Yes @VMD – that data source was especially great when CANSIM wasn’t free. It is still good since everything is cleaned and put together neatly. Some of the underlying data elements are more frequent than reported by the UBC tables however.

VMD
Member

Just found this nice data depot at UBC Sauder School of Business website

(including up-to-date nominal vs real house prices by city up to 2012)

http://www.sauder.ubc.ca/Faculty/Research_Centres/Centre_for_Urban_Economics_and_Real_Estate/Canadian_Cities_Housing_and_Real_Estate_Data

Bull! Bull! Bull!
Guest
Bull! Bull! Bull!

b5baxter, you are on my nice poster list.

Short'em High
Guest
Short'em High

Consumer discretionary firms went first.

Canadian Tire Reports Increased Revenue

Canadian Tire Corp. Ltd. (TSX:CTC) has reported a small increase in fourth-quarter revenue, but also an almost two per cent drop in net profit in the final three months of the year.

Forget that last part about the net profit trend. It is obviously a misprint by a drunk reporter. Just remember the first part about higher revenues and buy buy buy! Bank stocks should be good too. They’re all good. Any negative stuff is just put there to confuse investors. Buy a second house in Vancouver and then use HELOC equity on that one to buy these great stocks. Even Tim Hortons is so confident they are actually raising their dividend despite missing their earnings target.

oneangryslav2
Guest
oneangryslav2

“In view of their overall financial discipline recently, at least according to this report, maybe the country’s economic kingpins won’t begrudge Canadians a shiny new car.

There is just so much fail here that it’s hard to know where to begin. This should be the epigraph to a book written about the era of Canadian (and global) political economy.

b5baxter
Member

Inventory is now at the highest point it has been in the last 8 years for this time of year.

http://vancouverpeak.com/Thread-Inventory-Graphs?pid=503#pid503

Over the last 30 days the average daily increase was:
59
At this rate we would reach 16,000 in 11 days (Mar-04-13)
At this rate we would reach 20,000 in 79 days (May-10-13)
and 25,000 by August 3rd.
Thanks PaulB for the numbers!

Short'em High
Guest
Short'em High

…Rona, Best Buy… vicious circle…

NO, NO, NO! What he said. More of that: Short-term, don’t worry, it always comes back… etc.

You guys, for shame! Stop spooking the herd before they are coralled at the slaughter chute!

Wait at least until I’ve doubled the $50K I allocated to finance my $2M short CAD position. You’d think people would wait to talk about it until at least a 4 cent drop where it went a few months ago.

spit
Guest
spit

“Rona, Best Buy…. Is the downturn nearing the vicious circle phase?”

It wasn’t really difficult to see the massive overbuilding in commercial real estate.

Maybe we’ll see less cars on the road. The commute yesterday was brutal!

spit
Guest
spit

MLS® V985387
758 31st av E
Jan 12/13 $889,000
Sold Feb 6 $795,000

They say what happens during Chinese New Year defines the trend for the next 12 months…

————————-

Over 10% off of list price. I like that trend!

Groundhog
Guest
Groundhog

@VMD

Rona, Best Buy…. Is the downturn nearing the vicious circle phase?