Real Estate
 

November 15, 2018

 
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editor's picks

  Relistings rendering days-on-market data nearly meaningless
 

Shane Dingman

 
 
 Real Estate Reporter

No one in the Greater Toronto Area knows how long it takes to sell the average home and, according to the Toronto Real Estate Board, they aren’t trying to figure it out.

Every month, TREB issues market updates that track statistics like average selling price, number of new listings, transaction volumes and so on. Featured on the first page and every subsequent page is a figure described as average days on market, or “DOM.” For October, 2018, for all home types across TREB, that average is 24, up from 23 in 2017.

But DOM can’t tell you how long it takes to sell a house in the GTA, in part because there is a widespread practice of terminating and relisting homes for sale – for many reasons – that has the effect of rendering that number virtually meaningless.

 
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Toronto condo buyers go all-in
  Toronto condo buyers go all-in
 
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THE MARKET

In the suburbs surrounding Toronto, things get real
  In the suburbs surrounding Toronto, things get real
 
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TORONTO REAL ESTATE

Buyers move fast to acquire Forest Hill condo
  Buyers move fast to acquire Forest Hill condo
 
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Big premium for townhouse on small South Riverdale lot
  Big premium for townhouse on small South Riverdale lot
 
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VANCOUVER REAL ESTATE

Vancouver condo with unique design sells at a discount
Vancouver condo with unique design sells at a discount
 
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Oxford academic’s research suggests Vancouver’s foreign-buyers tax has been a boon to affordability
  Oxford academic’s research suggests Vancouver’s foreign-buyers tax has been a boon to affordability
 
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MORTGAGES & RATES

Calgary new parents with mortgage look to control costs while wife is on maternity leave
Calgary new parents with mortgage look to control costs while wife is on maternity leave
 
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IN CASE YOU MISSED IT

Copper, angles and surprises on Toronto’s Strachan Avenue
Copper, angles and surprises on Toronto’s Strachan Avenue
 
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Ten bids help Nepean home sell for $19,500 over asking
Ten bids help Nepean home sell for $19,500 over asking
 
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Globe House price data centre

Explore house price data nationally and for Canada's biggest cities.
 
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PODCAST

In an age of convenience, Ritual is revolutionizing the lunch rush. CEO Ray Reddy talks about the origins of his takeout app, coming to Canada as a teenager and looking at failure differently.
 
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