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chemgear · 01-21-2011, 08:58 AM

Hmmm back to the main thread I guess . . .

Quick video at BNN: 3:12 mark about net effect of changes to mortgages.

http://watch.bnn.ca/#clip403252

Obviously it's still early in the 60 day period, but not much of a jump so far in the SFH/Condo sales (not that you'd expect to see that yet I don't think.) SFH sales look like the *might* match last year's January totals but still a ways to go in the last third to get there. Condos on the other hand are falling behind - only 145 sales as of Jan 20 versus the 2010 January total of 320.

Inventory is spiking up as would be expected as well - but condos again are falling behind. Inventory to sales ratios have crossed 7 to 1 now.

01-21-2011, 08:58 AM	#1669
chemgear Franchise Player Join Date: Feb 2010 Exp:	Hmmm back to the main thread I guess . . . Quick video at BNN: 3:12 mark about net effect of changes to mortgages. http://watch.bnn.ca/#clip403252 Obviously it's still early in the 60 day period, but not much of a jump so far in the SFH/Condo sales (not that you'd expect to see that yet I don't think.) SFH sales look like the might match last year's January totals but still a ways to go in the last third to get there. Condos on the other hand are falling behind - only 145 sales as of Jan 20 versus the 2010 January total of 320. Inventory is spiking up as would be expected as well - but condos again are falling behind. Inventory to sales ratios have crossed 7 to 1 now.