[daveto]

http://www.torontorealestateboard.com/consumer_info/market_news/news2010/pdf/MID_MONTH_JUL_2010.pdf

2,790 sales. Avg price is at $428k.

Lowest July full month sales since 2004 have been 7,082 in 2006, and have averaged at 8200 for 2004-2009. So at 5,600, we're on track for a significant decrease in monthly sales compared to prior July's.
http://guava.ca/

However, the July price drop seems consistent with prior July price drops (as compared to May/June of the same year)

 

[CN Tower]

http://www.torontorealestateboard.com/consumer_info/market_news/news2010/pdf/MID_MONTH_JUL_2010.pdf

2,790 sales. Avg price is at $428k.

Lowest July full month sales since 2004 have been 7,082 in 2006, and have averaged at 8200 for 2004-2009. So at 5,600, we're on track for a significant decrease in monthly sales compared to prior July's.
http://guava.ca/

However, the July price drop seems consistent with prior July price drops (as compared to May/June of the same year)

Love that guava.ca site. Those stats are as clear and unbias as they come.

Guava- not only the beer of summer but the website of solid real estate info!

 

[interested]

The stats are fascinating.
Shows that in just 2 months the difference from last year to this year has gone from being $40000 higher to $20000 higher. At this rate by September year on year gains will be 0 and negative by October.
As well trend line shows that inventory is rapidly going up and projecting this upwards clearly shows the trend.
Of course, trend lines can change but it sure seems to give a glimce into what is in store baring a change in pattern.
This data ties in nicely to "we have a bubble" thread.
Thanks Dave for posting this.
Please consider putting the latest data on the "bubble thread" when available.