Great to hear from happy subscribers!

Canadian homeowners have an average equity position of 77% (not including HELOC). Surprisingly, average equity has increased most rapidly in the under-35 age group. Chalk this up to tighter mortgage rules and larger avg down payments, thanks in part to the "bank of mom and dad"

Canadian population growth is picking up off the 2020 lows but has a long, LONG way to go to get back to 2019 highs

Rental market has rebounded strongly as international students have returned, but lease/list ratio for rental condos is still well below pre-COVID trends. Will rents continue to accelerate at current rate after the "return to school" boom?

#Vancouver home sales were down 5.2% y/y in October, but if you're focusing on transaction volumes, you're missing the bigger story

The average home sold in Toronto in November sold for 108% of list price.

A deep dive into the big trends of 2021 and what to expect next year, posted for subscribers earlier this month. All past reports available at edgeanalytics.ca

Ben Rabidoux Any realtor serious about their business should be subscribed to Edge Realty Analytics

Population in Atlantic Canada just saw the biggest quarterly increase in 50 yrs in part due to strong interprovincial flows out of other provinces. How much of this is a housing issue?

How crazy was 2021 for home sales in Canada? Inflation adjusted sales volumes were the highest on record by a wide margin.

How low is RE inventory in Ontario? 80% lower than the 2010-2015 average. So low that Ben Rabidoux had to include “NOT A TYPO” in bold in his latest Edge Realty Analytics report.

One month does not make a trend, but Toronto just saw the largest increase in MLS resale inventory from Jan-Feb in at least 15 yrs...and not just in % terms. Inventory rose by 2,800 from Jan-Feb, double the typical monthly build for this time of year. Something to 👀

"The solution to low prices is low prices" Affordability arbitrage in the era of "work from home" will be a theme for years to come.

👀 Resale housing inventory across Canada is still only 1/2 of what it was at the onset of the pandemic, but the past 2 months have seen the largest increase in listings since 2010. Expect this trend to continue

Toronto sales-to-new listings ratio is pointing to falling house prices on a year-over-year basis later this year if current trends persist. Toronto outlook and full stats in the latest report. Sign up at edgeanalytics.ca

Largest quarterly decline in 🇨🇦 avg house prices since the 1980s. 😬 Not a great sign, but plenty of reasons for optimism longer term. That and more in this month's Edge Report, now available to subscribers. edgeanalytics.ca

Thanks John!

Toronto is seeing a significant and counter-seasonal increase in inventory right now. Heavily skewed to 416 condos and 905 single-family.

Some desperation seems to be surfacing. Actually the Ortis case points to some very deep seated and longstanding concerns in Canadian banking and FI and terror financing, expect to hear more from US nat sec community soon

Ortis is GUILTY on all 6 counts- meaning he assisted Hezbollah in Canada and globally essentially