This post is a case study into the information on the state of the market for residential housing and, more specifically, about some of the differences between good information and what is seen in the popular media.
Consider the market for homes in the Toronto area. The Toronto Real Estate Board (TREB) offers very good information, with lots of details and insights based on de-averaging. (The data described below, come from the March 2015 report.)
Those details would bore most people, which is why there are researchers whose job is to pick it apart more carefully (and why students should be required to attend courses on “Research Methods” or “Market Analysis”.) For other people, the media fills the space with more interesting stories. Continue reading