Don’t really feel like running numbers today, and there were a lot of housing relevant stories coming out this week, so we’ll look at those. Mike Fotiou wrote up an interesting piece on the CREA forecast for 2009, and their past fortunetelling exploits. Their predictions for Alberta are not going to make sellers anyContinue Reading
When I first started looking at the litany of stats released every month by the various outlets, it was kind of overwhelming. There are dozens of different measures, examining things from just as many angles. Even with my background in accounting and statistics, it was kind of wild. But asContinue Reading
It seems a lot of realtor blogs out there like to label anyone that doesn’t encourage everyone to run out and buy a house as purveyors of “Doom and Gloom.” Seemingly we are advising everyone to just give up, stock up on ammo, and start working on recipes for rockContinue Reading
Those that follow the stats released by their local real estate boards may have noticed that their inventories don’t seem to add up. For example, at the end of December in Edmonton there were 6,316 units in inventory. Then in January there were 2,443 new listings, and 730 sales. DoingContinue Reading
The EREB hasn’t put the January numbers up on their site yet, but the Journal had an article quoting most of the pertinent numbers for January, so I’ll work with those, and when the EREB put up the full set I’ll include those then. EDIT: They updated their site the next morning,Continue Reading
Thought I’d take a quick look at the new construction stats for Edmonton today, as CMHC released their latest report last Friday. Lots of good stuff in there, but I’m only going to look at a handful of numbers from Table I… starts, unabsorbed units and under construction units to be exact.Continue Reading
As you may have came across in the news, or on the blogs, Demographia released their 5th Annual International Housing Affordability Survey this week. They compare 265 cities from Canada, USA, U.K., and Oceania, and rank them according to their measure of affordability. Their calculation for that is actually quite simple and straight forward, takeContinue Reading
I was thinking about doing a report on the new construction situation, but figured I might as well wait a week until the December numbers are reported. So instead I’ll just cover a few other items that are floating around. – The Teranet-National Bank House Price Index which I looked at last week hasContinue Reading
I thought I’d take a quick look at another part of the housing market that I haven’t really discussed as of yet, and examine what’s happened to the rental market in Edmonton in the last few years. Much like the rest of real estate in the city, the rental marketContinue Reading
Today we’re going to take another quick look at price indexes, this time comparing what happened in the U.S. with what’s happening in Canada. In an effort to compare apples to apples as best as possible, we’re going to use two indexes with fairly similar methodologies, Case-Shiller from the United States, and Teranet’sContinue Reading