nekz
Active Member
Your posts should be tagged with the heading "Note: Agent Bias". Just as mine should be disclosed with the heading "Note: Value Buyer".
You conveniently omitted the pertinent quote in my post so I will repost it:
While I tend to agree that one month does not establish a trend the fact that this negative price change has not occurred for 7+ years is very demonstrative of a change in the market. Furthermore, the fact that the average price fell over $20,000 and over 5% is very very significant and cannot be explained away by a minor tax. If anything the tax should increase prices as is the case will other goods and services in Canada- food, fuel, clothing etc- all significantly higher priced in Canada due to significantly higher taxes.
Sorry condocrash2008, I didn't mean to leave it out, I just clicked QUOTE, without modifying what was in between.
And I was referring to the new Toronto Land Transfer Tax, which is a significant tax when added on top of the Ontario Land Transfer Tax.
And yes, this note is written with an agent bias. However, I don't see as how an agent would be biased--we make money on the transaction, ie: buying AND selling. If it were a mass sell off, I'd still have a commission in my pocket.
One thing I will say us agents are, and that's defensive (but that's because we have insider knowledge)