Pretty sure when the author writes “average flipper here took six months” means the average of the 6% took 187 days. Someone who lives in their house for years is not a flipper, that’s just someone moving.

Data in Canada is pay to play, and unfortunately it costs a pretty penny to get it through private research reports. Although I will say, more of the housing reports that land on my desk seem to be re-iterating points I’ve been reading here, and often cite articles on this site as a source.

To be honest, you can probably search for exact numbers for each of those points on this site. There’s a few pre-canned stats from government that I don’t think I’ve seen here, but those usually trail finance models by 2-3 months anyway.

I’m curious to know where you get those percentages. Not saying they’re wrong, but I don’t think any publicly available data provides those stats. Most people are at a disadvantage because market data is not available to reveal how it is manipulated.

It is well above the 6% they’re stating. Think more along the lines of 35% (1/3rd the market size).

Go away hipster, go away yuppie, go away SJW, go away “Independent” career woman! We don’t need you in our neighbourhoods! Live in downtown, but not in our communities because we do not like your snobby, uptight, racial and classicist behaviour!

Go away you Hipsters! May God collapse the real estate bubble in Toronto and Montreal so you can feel the Bern!

This is the best comment I have seen in this blog.

I’m always shocked how little Canadians understand market influences. It’s how all of these issues stack up. 6% are short-term flips, 6% are foreign buyers, 10% are assignments held vacant, 7% are for AirBnB inventory, 10% is the luxury market.

Now you have the rest of society competing for a segment of housing, with artificial pressure created by a butt load of factors that don’t contribute any economic value to the city. All of these things work together, which I get is too complicated for the general population to understand, but they create a big impact.

Reduce the flow of capital being spent in a city, you reduce employment. Reduce employment, you create less job competition, and employer competition for quality employees. Employer market means stagnant wages, that won’t be able to continue to push housing prices any further. This creates a cycle that most idiots will say “what happened? No one could have predicted this.” Actually, every with an MBA can and did.

too soon still me thinks….need….more…..blood =)