A #HOPE update, demonstrating that we're stuck in a late-cycle environment with unemployment rising. #macro

Here’s an explainer of all the details on the Blue Jays City Connect uniform 👀

It's pretty cool that 🇨🇦 qualified for this tournament.

If you're looking to get into cricket, this is the most digestible format for a new viewer. Big 'rivalry' match again 🇺🇸 to kick things off this Saturday night!

I remember a lot of people stating we are in a balanced market last year and that we will remain in a balanced market. Keep in mind a lot of sales lows have to do with key affordability, and high inventory has to do with stressed renewals, and forced sales (not always POS).

GTA freehold and condo markets have both crossed into technical buyer's market territory. #TORE

'Congratulations, grade 10 student! You now know more about finances than our entire government!' - A grade 10 teacher

I drive a Honda Civic.

My wife drives a Lexus RX350.

Sometimes, I have to take the Lexus to showings.

When I pull up in the Lexus, my clients always look surprised.

My favourite line to use: 'I feel really good about today's properties, so I upgraded. No pressure, though!'

GEORGE S(IX)PRINGER! #tothecore

The sales to new listings ratio in the GTA through 28 full days of May 2024 is:

#TORE

Canada's housing markets

Are you currently house hunting and finding it very difficult?

Here's a thought for you. MAYBE YOU SHOULD HAVE BOUGHT 20 YEARS AGO!!

And I don't wanna hear about how you were only five years old 20 years ago.

This generation is so soft!

#TORE

Sales reported to terminations ratio #TORE

How many sales have been reported relative to the # of listings that sellers CHOOSE to terminate?

Simply put, when this number is high, sellers are happy with the offers they're receiving. When it dips, sellers are holding out.

Weekly active listings update... Here we have it: Condos have now surpassed the high water mark of Fall 2020. And don't seem to be slowing down.

There are now as many condo listings that have been sitting 30+ days on market (2910)... 🧵/1

Amazing context to the market. Sellers are reluctant, but buyers are just as incapable. As homes terminate and relist, sellers are creating an increasingly competitive market for themselves. Cycles are long. If the exit for a seller must happen in 8-12 months, this will likely

Here are the absolute numbers for sales reported and terminations. One chart for freehold and one for condo.

It looks like the drop in the ratio is largely driven by sales numbers falling.