Tony, Edmonton resale has not fallen 50% over the last 10 and a half years. Have a look at the average price chart on my monthly stats post:https://www.livrealestate.ca/blog/2018/03/demand-real-estate-cools-february-edmonton.htmlPosted by Sara MacLennan on Thursday, March 8th, 2018 at 7:10pm
I do a search in the MLS System® database each Friday and post the results. I do not know the answers to your other questions, I just follow our Association's rules.Posted by Sara MacLennan on Thursday, March 8th, 2018 at 7:12pm
Pleading the 5th huh? That's too easy.
It is almost guaranteed that the Ontario Real Estate board is going to lose their case, which means that their will be repercussions for all the Real Estate boards in Canada.
This is an important issue and it should be looked into. It's clear that the Real Estate industry fears opening up the data for business reasons and I think it's about time this issue is discussed out in the open.
We are as open as we are allowed to be, for example, unlike most real estate sites we do not require users to sign in to view listings at www.livrealestate.ca or www.edmontonrealestate.pro, ever. Also, we obviously share more market data than most, if not all, brokerages in Edmonton right here on this blog. If we are allowed to display sold data/listings on our sites in the future, we will have it on our sites as quickly as we can. There are rules we have to follow, and we follow them.Posted by Sara MacLennan on Thursday, March 8th, 2018 at 7:35pm
The troll returns. Seems like you have an issue with the real estate industry as a whole GPC. Not sure why you have to spew venom at the hosts of this blogPosted by Karlhungus on Thursday, March 8th, 2018 at 8:06pm
If you go back into your database of townhouses and apartments that sold in the spring and summer of 2007 and find the exact same townhouses and apartments that sold recently you'll find that I'm right. Just check the mls numbers from the past and present and cross reference them.Posted by Tony on Thursday, March 8th, 2018 at 8:59pm
I find it difficult to accept information from a source that cannot be verified and saying that's "the rules" is just not good enough.
Who's rules exactly? According to the courts in Ontario, the Real Estate board there is violating the competition rules in Ontario.
It should be no big deal to open up access to this information (which will actually benefit the real estate industry), so why fight it to the supreme Court?
Sara's response is professional, and I can respect that she doesn't block my tough questions.
As to your response to my comments, the complete opposite, actually childish comes to mind.
So it's about time you backed off with the nasty comments Hungus. As I said to the other guys attacking me, just ignore me if you can't handle it.
IMO The slowness is weather related. Sales & average pricing will come back soon as the weather does. Worst February in a long long time. ITs the winter that doesn't want to end!Posted by curtis on Friday, March 9th, 2018 at 2:19am
Yikes. Looks like a $30,000 price drop in about one month.Posted by GM on Friday, March 9th, 2018 at 2:20am
Time again to express my gratitude for the diligent work done on this blog week after week. I see some posters are showing signs of cabin fever, but do not despair - Spring is not far off.Posted by Ed on Friday, March 9th, 2018 at 2:42am
And oil above 100 $ and old good Flaherty with 40 years without downpayment and low interest and hot Chinese on helicopters and even WSN, they all be back with sales and prices as soon as wether does.Posted by Andrii on Friday, March 9th, 2018 at 2:46am
You commented on last weeks post that:
"The stats are the stats, what I am doing is making them more open. I also, usually, offer some interpretation which is open to discussion. But, unless I make a typo (which I always admit when it happens), the numbers posted are the actual numbers."
I think that would be a great blog topic!
Where does the statistical data for this blog come from?
Why isn't access to this data open and public?
My understanding is that you have to have a realtor login to gain access, how come?
Isn't this anti-competitive and before the courts in Ontario?
Didn't they lose this case in the lower courts and at the appeal level?
Isn't the Ontario Real Estate board appealing this all the way to the Supreme Court of Canada?
Why does the Real Estate industry work so hard to restrict access to this data from the general public?
Or even better selling prices or stats for new homes, new apartments and new townhouses. Selling prices for resale homes, resale apartments and resale townhouses. The public needs to know the two independent of each other. Resale townhouses and resale apartments have fallen 50 percent or more over the last ten and a half years. If the public was made aware of this buyers might come into the resale market as the resale Vancouver and resale Toronto market has tripled in price over the last ten and a half years whilst Edmonton resale has fallen 50 percent or more over the last 10 and a half years.Posted by Tony on Friday, March 9th, 2018 at 6:02am
Sara, first I must emphasize that I appreciate your efforts and your blog, which I've followed for a long time (and these comments are not directed at you).
I agree with GPC (although there is perhaps a nicer way to make his/her point)....why are these data secret - I've often wondered this!?
These data are collected from us (the sellers and buyers)...either we should have a chance to profit from the data or the data should be open to all....it would be different if the data are derived from the efforts of realtors alone...then it should be proprietary....but to keep it secret from the public when comes from the public is disingenuous to say the least
The information is here. Its free. If they'll post it in a timely manner I can not say.
Thanks, I was thinking it is easy... I work with data and it would take me 5min but I don't know how you get the data also...Posted by bubu on Saturday, March 10th, 2018 at 11:05pm
Sarah. is it possible to post all sale prices for a month without address but with a break down by sfh, attached, condos? Something like sfh - 200 sales, 999,000, 750,000, etc.. ? Just asking... thanks... no list price or other details...Posted by Bubu on Sunday, March 11th, 2018 at 3:48am
While it is technically possible, I would be too time-consuming for me.Posted by Sara MacLennan on Sunday, March 11th, 2018 at 7:26am
I don't know about the accuracy of their info. The average price chart shoots up over $1 million.Posted by Sara MacLennan on Sunday, March 11th, 2018 at 7:27am
Thanks Ed :)Posted by Sara MacLennan on Sunday, March 11th, 2018 at 7:27am
Hmm I don't think data ia free to access .. Why would a company collect data and sell for free ?Posted by Leslie on Monday, March 12th, 2018 at 6:19am
Leslie, because realtor are actually market the houses ... the connect sellers with buyers, they don't have anything to hide or manipulate... At the end of the day, who gave the realtors the right to collect data from my house sell? Are they paying me a dividend for how long they keep the records in their books? That is my data not yours... :)Posted by bubu on Tuesday, March 13th, 2018 at 3:49am
This really defines the issue at hand.
Realtors have access to much more data than they are willing to communicate, data which could be very useful to consumers when making purchasing decisions.
Before you say, Real Estate agents will give more information when asked, I would ask, why do we need an intermediary?
To preserve the integrity of the data, it should just be directly and freely available to anyone who wants to access it.
The public wants it, the courts in Ontario agree, but it's only the Real Estate Industry boards who are fighting very hard to prevent this from ever happening. Why?
Why because realtors need to justify their existence. How long does it take to become a realtor / professional the requirement course is what 2 or 3 weeks to attain that prestigious designation. They no different than any other salesman fine if you want to use one but their fees they charge are out of line for the service they offer in my opinion. Skip the middle man save thousands and that sales info they hold so near and dear to their hearts should be freely accessible like it is in the states so consumers can make informed decisions.Posted by Brad Malo on Wednesday, March 14th, 2018 at 8:40pm
How the pople like that can work in this industry................WoWPosted by jeff on Thursday, March 15th, 2018 at 3:09am
Lol... Realtors don't get data for free either I don't think...gotta payPosted by Leslie yeung on Thursday, March 15th, 2018 at 7:24am
Try viewpoint.ca in Nova Scotia, where the public has access to previous sale prices, price drops and more.
In Alberta, you need a realtors licence to gain a login to their database, at least when I checked last. Withholding this data from the public is a way to maintain job security.