Thread by @areacode416

Here we are, my top observations on the Feb 2020 #torontorealestate TRREB market stats. My conclusion was a lot of "highest this has been since 2017" but not quite that level. Some bonus charts not in blog post included in this thread. /1
areacode416homes.com/february-2020-…

Here's the percent of 416 freeholds sold over asking, one of those "highest Feb since 2017" stats I just mentioned. /2

What really stood out to me is a chart I stopped publishing because it got to the point that there was no story because it became virtually non-existent. That's sold 20% over asking. But look - it's back to being a thing. /3

Price gaps for all types of lowrise increased by a good chunk last month - even though condos had +18% YoY price growth. /4

Volumes are back. First time over 33K in 2 years, and back above the 25 year average. (You'd expect that average to increase over time due to population growth and growth of available units.) This just 416 portion of TRREB number, which they forecast at 97,000 this year. /5

Freeholds volumes have bounced back 16.5% since their 25-year low just 11 months ago at March 2019. /6

If you want to skip my analysis and head right to the market charts, I set up a new section on my website where I upload the charts. Enjoy! /7
areacode416homes.com/monthly-market…