Is Toronto's Housing Market Turning a Corner?

[@CanadianRealEstateChannel]

Thanks for the update!

[@stevenvanderheide6472]

John is the months of inventory typical of the season? I heard that people sometimes take their homes off the market and re-list in the new year.

[@john_pasalis]

Not really typical. The last time months of inventory was consistently at this level was back in 2017 and 2018. The market may have turned a corner but things are still quite slow

[@stephenfermoyle4578]

gee really? they have been doing that for years. why so naive? read /educate it is not difficult

[@Wolfpack1298--3]

The government new laws, bank and low rates are going to affect the market in the coming months

[@I.H931]

More sellers are thinking of selling while less buyers come in

[@dimitrychekov1136]

How large is this uptick in sales. That is, when adjusted for the traditional/seasonal Fall increase im sales?

[@datruth4766]

Nobody ever discusses seasonality. What is the usual seasonal uptick from summer to fall is the question. "Real estate has turned a corner", even though it's still in the crapper seasonally adjusted.

[@john_pasalis]

The sales increases I mentioned in this presentation, 45% for houses and 32% for condos is the year over year increase which of course accounts for seasonality. But the volumes are still below long term averages

[@datruth4766]

@@john_pasalis I think he means, does the fall rush usually have 45% higher home sales on average over summer generally. Is that quantifiable since it isn't a set period of time from year to year?

[@john_pasalis]

@@datruth4766 The fall sales volumes are a bit higher than in July/August, but I'm not comparing month over month sales figures. All the charts in the video compare numbers on a year over year basis to avoid seasonal effects

[@datruth4766]

Leases for condos up due to lower prices putting some much needed churn in the market. Tenants are leaving their old expensive apartments for lower prices.

[@courtneybrown8155]

Low price? Where is the low price?

[@neerajnarang2217]

Employement is low, high income jobs are scarce, inflation is high, immigration has decreased, rental yield is coming down..Either its an artificial demand or bad economics

[@stephenfermoyle4578]

is looking like you just rolled out of bed the new way to engage people's trust? turning the corner to a Barbershop would certainly be a 45 percent improvement. the fine print in the stats is not all rosy.....but you will take people back into FOMO .

[@lattices22]

no, housing market is dead forever