Ponyboy, Good observation. The sales-to-inventory I use in my analysis looks at the total number of sales in a given month divided by the total number of homes available for sale in that month - independent of when a home was originally listed for sale. So the inventory number I use in my...

Thought you might want to know that prices in Toronto declined in August. This is the first decline we've seen in some time. Many of the higher end neighourhoods saw the biggest drops. http://www.movesmartly.com/2008/09/toronto-real-es.html

I actually tracked down the owner of the property, so I'm not sure if he's affiliated with any of the big developers. It almost looked like he had a few buyers in place before he even bought the place.

I noticed a bit of traffic to our blog from this post today so I thought I would follow up. When I looked into this in January, the plans were to convert the church into 4 very big multi level condos. All units were already sold which is why they weren't marketing it. Not sure if the...