Daily Supply Update
Inventory is going low. Jun / Jul has always been the slowest months in a year. Aug is when it picks up a bit
CMHC Relaxes the rules
The Canada Mortgage and Housing Corporation is lowering the required credit rating and relaxing other measures that ensure homeowners have enough income to pay off their mortgage. The Canada Mortgage and Housing Corporation is making it easier to get federal mortgage insurance, overturning tougher rules imposed a year ago.The federal housing agency has admitted making
Daily Supply Update
Supply is still dropping. Less buyers and less sellers in market. Sellers are choosing to terminate / suspend rather than selling 3 month old prices. Seller have lot of options to HODL the house. They can re-finance , or rent it out, etc. Buyers have to get in at some point. Old age truths still
Daily Supply Update
Review today of sold will be skewed! Why? No inventory. Buyers don’t have a choice – so sold data is what they can grab. Edit: Inv is expected to drop even more tomorrow. I called this a Knee-Jerk reaction. now its become a hyperthyroidism, anxiety or nervousness… meaning something bigger.
Daily Update: Most Important to date!
This is probably THE MOST enlightening poster to date. Inflation is coming. Its not transitory. Do you know what is the safest asset to park money? Do you know the best asset to grow money? Do you know the asset that is as real and useful as it gets?(Spoiler: Housing! Answer is HOUSING … Real
Supply Update! May 15. Pivot Level?
Knee-Jerk Reaction is here.Inventory should increase from next week.People were spending 80% of their time inside… Nowthings opening up, it should go come closer to 40% historical avg (Will not reach 40% btw … but trend of staying home will not be there)
Jun1 -Active Listing Update
This is the jerk reaction we have been talking about. As we get closer to opening. Next month I expect more fluctuations in inv + Price – but nothing crazy movements.
