04 Apr New real estate data tweaks paint a more accurate picture of Toronto’s housing market.
Original article via Globe and Mail. Click here to read.
The Toronto Real Estate Board is getting closer to providing its more than 50,000 members with more accurate data that show, for instance, that it takes about 11 more days sell a home in the many sub-markets across the Greater Toronto Area than the currently published statistic suggests, according to TREB director of market analysis Jason Mercer.
That gap in market knowledge came from the way TREB had been calculating Days on Market (DOM) for home sales. For years, TREB heard from its members that the market statistics it kept were missing some crucial information.