Public Announcements
June 2, 2016
National Homes Sales Series:
This release serves as insight for Canadian consumers weeks in advance of any other National housing data going live. Although today's release has not been audited it will mirror other reports you read weeks from now. The uncertainty and current risk profile of many homeowners or would be homeowners has reached historical highs in Canada which today's release is intended to modify their decision making processes in the short term. Readers must understand real estate markets turn months or years (Canada last turned in May of 2013) in advance of any data being recorded to substantiate those turns. Ross Kay Realty Consultants measures those turns and notifies our clients well in advance of any on the ground changes being recorded.
This release contains all real estate sales posted throughout Canada in an non-audited format. Non-Audited means it contains new, resale, For Sale By Onwer and multiple counts of single sales that were reported. As such this release should only be considered against 2015 data in comparison.
Ross Kay Realty Consultants does not release Provincial or Municipal Non-Audited data to the public because these sub-sets are all unique in how they must be read.
This release serves as insight for Canadian consumers weeks in advance of any other National housing data going live. Although today's release has not been audited it will mirror other reports you read weeks from now. The uncertainty and current risk profile of many homeowners or would be homeowners has reached historical highs in Canada which today's release is intended to modify their decision making processes in the short term. Readers must understand real estate markets turn months or years (Canada last turned in May of 2013) in advance of any data being recorded to substantiate those turns. Ross Kay Realty Consultants measures those turns and notifies our clients well in advance of any on the ground changes being recorded.
This release contains all real estate sales posted throughout Canada in an non-audited format. Non-Audited means it contains new, resale, For Sale By Onwer and multiple counts of single sales that were reported. As such this release should only be considered against 2015 data in comparison.
Ross Kay Realty Consultants does not release Provincial or Municipal Non-Audited data to the public because these sub-sets are all unique in how they must be read.
Canada National UnAudited May 1-31, 2016
|
National UnAudited Homes Sales May 1-31, 2016
57,699 Sales Yr/Yr UnAudited May Comparison- Up 2080 Sales |
National UnAudited Average Purchase Price May 1-31, 2016
$512,657 Yr/Yr UnAudited May Comparison- Up $61,661 |
Reader Notes: The real estate transactional data you read above is actual data from the time period indicated and is NOT seasonally adjusted. Seasonal adjustments for real estate markets are not statistically supported because cyclical impacts to what stage the market is functioning at do not follow any historical monthly pattern. Canadian homeowners as a group do participate in a National real estate market contrary to popular belief, just like they do in Provincial, Municipal and even Community levels subsets. Canadians share a common belief and behaviour when it comes to their homes and the choices in homeownership they make, so including the National market in how you are forecasting your home's value a year from now is very very important.
While audited data is important in measuring real estate markets, non-audited ( which we call UnAudtied ) data is what you will see commonly released elsewhere weeks later. As such today's release was designed to provide the reader a simple point of reference of what happened in Canada last month under a format that allows the reader to compare it against other UnAudited releases in any historical context.
Out of respect for the situation in Alberta a small adjustment was made to sales data. We encourage all Canadian homeowners to continue supporting the Red Cross.
Regards
Ross
