The Other Charts I promised [Real Estate]

Hi Everyone,

I’ve added some more charts for Oakville, Mississauga & Brampton. These charts will allow you to better understand house prices broken down by Detached home, Condo & Townhome in Oakville, Mississauga & Brampton over the 3rd and 4th quarters of last year. This helps determine the intangible value associated with your house when valuing it.

Links are here:

Oakville – http://imgur.com/a/SZ66d

Mississauga – http://imgur.com/a/x7Fjc

Brampton – http://imgur.com/a/FtRQg

 

List of Figures:

Figure 1 – 2015 Q4 Oakville Detached Home summary

Figure 2 – 2015 Q4 Oakville Condo summary

Figure 3 – 2015 Q4 Oakville Townhouse summary

Figure 4 – 2015 Q3 Oakville Detached Home summary

Figure 5 – 2015 Q3 Oakville Condo summary

Figure 6 – 2015 Q3 Oakville Townhouse summary

Mississauga

Figure 1 – 2015 Q4 Mississauga Detached Home summary

Figure 2 – 2015 Q4 Mississauga Condo summary

Figure 3 – 2015 Q4 Mississauga Townhouse summary

Figure 4 – 2015 Q3 Mississauga Detached Home summary

Figure 5 – 2015 Q3 Mississauga Condo summary

Figure 6 – 2015 Q3 Mississauga Townhouse summary

& Brampton

Figure 1 – 2015 Q4 Brampton Detached Home summary

Figure 2 – 2015 Q4 Brampton Condo summary

Figure 3 – 2015 Q4 Brampton Townhouse summary

Figure 4 – 2015 Q3 Brampton Detached Home summary

Figure 5 – 2015 Q3 Brampton Condo summary

Figure 6 – 2015 Q3 Brampton Townhouse summary

 

I will compile data for the Q1 of 2016 however if you see my previous blog post on real estate, good news all the way around. Sales in March eclipsed February sales by ~30% but this is expected as we enter the Spring Real Estate Season.

Catholic School System – from a non-Catholics POV [CDNPoli]

Growing up, I thought the Catholic school system was a colossal waste of government money. I also thought it was unfair that Catholic’s had their very own publicly funded school system, when no other religious or ethnic group had one. I thought it unfair since this diversion of government resources likely affected how my publicly funded school was financed. Lastly, I also thought Catholic-friendly hiring practices by the Catholic school system put non-Catholics, such as myself, at a disadvantage.

A Brief History

A vestige from the constitution days aimed at appeasing Quebec’s Catholics who thought their rights would disappear in Protestant-heavy Ontario. However, there appears to be some recent comments from their 2016 Budget, & from high-up Provincial Liberals hinting that defunding the Catholic School system is a primary aim.

Removing the Catholic School System would likely require a constitutional amendment and in today’s political environment, that’s basically asking for something not to get done. This was the same stalling tactic that stopped the senate from being abolished, even though Harper had been promising that since his Reform party days. To put into perspective how daunting a task it is to get something that requires a constitutional amendment done, it requires 70 percent of the population as well as 7/10 provinces to agree to that change. However insurmountable this might seem, Quebec was able to rid their Education system of their Catholic school board in the 80’s, so maybe Ontario can follow through with their goal.

Thoughts today

Now going through 2 different public high schools in 2 different cities, a 5-year STEM undergrad & a wide variety of continuing education courses (Economics & French), my previously held views have changed. I’ve also been given the opportunity to interact with a wide array of students who’ve come from many different backgrounds and this has helped evolve my views on public funding for the Catholic School board.

Firstly, I am not for monopolies in any government provided service. Each service or product offering needs an element of competition to act as a feedback into the service to weed out inefficiencies. Since competition is the lifeblood of innovation, when humans put artificial rules (like there should only be 1 publicly-funded school board) this introduces inefficiencies into the system; in this case, the system is our children’s education.

When you look at any service, open and free information flow has allowed humans the opportunity to innovate and come out with solutions that would not have otherwise been conceptualized. What this means to say is that we stand on the shoulders of giants, in every single industry. There is no such thing as an overnight product, today’s modern day corporations have been able to manage value add services to create products that the market uses. Successful companies talk through their problems and ensure that problems do not occur twice. In the industries that I have worked in, I have been able to observe that continuous improvement is a big deal in today’s working world. The ability to think lean while performing a task, so that non-value add activities are eliminated, is essential for career advancement in today’s day and age.

Getting back to competition being the lifeblood of innovation, I point to technological advances in cell phone technology. This has allowed international companies to take advantage of the global competitive framework, to innovate and now release phones with more technology than our space shuttles of the 70’s & 80’s. This highlights the remarkable progress created by a global competitive framework. However, if cell phone manufacturing were to be a government service, we’d probably still be walking around with the Zach Morris bricks in our pockets.

This brings me to my second point, that choice is a good thing. Choice is a good thing because it allows consumers to pick options that would not be present if there was only 1 producer offering a service. It allows consumers to pick a product without having to go through the bureaucratic nightmare that is trying to change an element of the public school system. This is HUGE. Improvements in services happen on the fly with markets in open competition. With monopolies, there’s a lot more bureaucracy that changes have to pass through. Either that or, the monopoly will just be unwilling to change and because they are the only one offering the service, you just have to live with it. In the high school case, this would be the government having 1 product offering (the public school system) to offer its citizens. Don’t like the level of math taught in high schools? Too bad, unless you want to join the endless bureaucratic circus. Don’t like how specialized one school is in graduating non-STEM students? Too bad, see above. Wish a school offered a Finance basics course or even a cooking course? Evidence by recent TDSB Trustee spending scandal, school boards don’t spend on schools, only upkeep of the school boards themselves…

As a recent STEM graduate, I am very disillusioned with how little High School prepared me for the Math & Science courses that I had to learn in University. If you’re going into a STEM undergrad, be prepared to work harder in your first semester than all 4 years of high school put together. High school math in Ontario is a joke. When going through my undergrad, I was supremely annoyed by how “foreign kids” knew more than I did. I attributed this to private schools they had attended in their home countries, but this introduction to concepts early on in their education was essential to a lot of their success. Learning concepts like that earlier, allowed them to apply those concepts in 1st & 2nd year classes, rather than learning them – like the situation that many Ontario kids are in. It seems like they had learned all first year courses in high school, as well as learning many concepts like supply chain management, nearly all first-year calculus & many first-year science concepts, that we had never sniffed in an Ontario high school classroom. There seems to be very little incentive for high schools to innovate and as the rest of the world gets smarter, this will decrease Canada’s competitive advantage in offering the brightest and smartest workforce.

From anecdotal information presented above, I also want to introduce an Economics Paper that points to similar conclusions, I have outlined above. Choice in education leads to a self-corrective feedback mechanism so schools compete against each other to offer high quality education service. This is common sense for any arena of service that relevant information leads to better results.

http://davidcard.berkeley.edu/papers/School%20Competition%20and%20Efficiency.pdf

Conclusion

The Catholic School Board introduces positive externalities on education in Ontario. Doing away with it and going with 1 publicly-funded school board, might introduce more inefficiencies since many jurisdictions would lose this competitive component between the Catholic school system & Public school system in a given region. All of a sudden, the failed 2007 Voucher program for schools that the Ontario Conservatives presented doesn’t seem so crazy.

Article was written by gtareguy (Greater Toronto area real Estate guy) . I release a new article every Friday and I write about economics, the nba and real estate in the GTA. 

Burlington Real Estate News – March 2016 [Real Estate]

Burlington Ontario Real Estate News – March 2016

Congratulations Burlington on defying the odds to see year-over-year house prices increase by an impressive 9.79% as of March 2016! Sales were strong and the average days on the market fell from 26 days in February 2016 to 23 in a month. This means there is more demand for houses in the area and since more homes were sold in Q1 of 2016 this means high house prices for all!

Figure 1 – TREB Home sales summary March 2013 (see link below and you can blow up the graph sizes at the imgur website)

 

The following chart and graph summarize some historical price increases:

Community Growth since March ’15 (%) HPI Values ($)
Alton Village 16.96 634,400
Rose 12.89 765,200
Tyandega 11.13 852,100
Shoreacres 7.16 613,400
LaSalle 10.01 711,400
Burlington 9.79 645,400

Data above is for Single Family homes

Taking a deeper dive into the data, in the link above http://imgur.com/a/Facoj, figures 2-7 highlight sales in the Burlington region broken down into detached, condo & freehold condo numbers.

From Figures 2-7, you can see the LaSalle, Roseland, Shoreacres & Alton Village were busy communities and key reasons why they are highlight communities in Burlington. Before we start highlighting them (in later blogs), we will go over some more community data for Burlington in Q3 & Q4 of 2015.

Within the incoming days I hope to come out with data like this for all regions which I currently specialize in Burlington, Oakville, Mississauga & Brampton so people have a better idea how I determine how a property should be priced as well as other key attributes when purchasing a house.

4/2/16 Piston-Bulls game Analysis – Raptors POV [NBA]

Exhaustion. The only word to describe how Jimmy Butler must’ve felt after his Bulls lost, in their own little play-off do or die match to the Detroit Pistons. 28-17-12, Incredible statline. It was the first triple double of his career coming in the most important Bulls games of the year, great showing for the all-star guard. Also one of the most entertaining non-Steph-Curry games of the season; one that let viewers observe directly why he’s a top 3 SG in the NBA and arguably its best 2 way player (Kawhi Leonard territory).

Had the Bulls received a favourable call (at home btw) on a late game charge, who knows? Maybe Jimmy wouldn’t be ‘goin fishin’ so early. Let me paint a picture, with all the momentum after just having scored 7 straight points, originally down 9, in literally 4 NBA seconds, my money would’ve been on Jimmy to harness his inner Goku skills, had the Bulls gotten a pivotal foul call with only 40 seconds remaining in the game. After watching tonight’s game, Jimmy Buckets deserves a great team and I hope the Bulls trade him away to the contender. I don’t say that out of haste, but when on every play down the stretch, it’s literally just a continuous set of two man basketball between you and Pau Gasol, let’s just say it’s unfortunate that management couldn’t surround those two with more talent. Performing the way he did against a defence as staunch as Detroits makes his triple double even more incredible.

And finally this brings me to Welcome back Detroit Basketball! Congrats on making the playoffs and if you make it to the 7 seed, then my Raptors better foul Andre Drummond right into SVG’s bench. I don’t want to see him because then the defense legitimately becomes scary. KCP & crazy Morris twin are both really good defenders with long active arms. Reggie is quick and athletic able to handle his own against most guards and Andre? He just acts as a solid plan B for every failed steal attempt his guards try.

Regardless, when Fred Hoiberg went to hack a Shaq ‘Dre with 6:30 left, I thought “Welcome to the Playoffs ‘Dre”. If Detroit is just sticking it to the Raptors (in the potential first round matchup) and Dwane Casey doesn’t employ that strategy, I will be legitimately upset. Game 7, 2013 playoffs against Brooklyn, Casey kept throwing Terrence Ross out there against JJ and the Truth when we had James Johnson on the bench the entire game. I just hope Casey swallows his pride and sits Drummond. At least this might motivate Dre to finally ditch the traditional technique and adopt the Rick barry school of free throwing. I legit think that under handing is the only way for Dre to be a factor in the playoffs and this potential revelation makes a Toronto Detroit series even more enticing.

This year? I have faith in Dwane Casey and there’s no way Toronto gets swept this year. That opinion and all the confidence that brang with it would be shot in the dark, had Jimmy Butler and whatever is left of the Bulls came back from the grave tn. Then legitimately terrified. I sometimes feel bad saying this but he’s just better than DD. DD is okay, even some nights? Great, but gets shut down every time we face the Bulls. I’m not even a DD hater, he deserves the max contract he’s going to sign this offseason and I’m impressed by his growth since year one but this probably just more speaks to where Jimmy Buckets stands in the league.

Back to the Pistons, really didn’t expect you guys to make the playoffs, again congrats, hopefully you guys push your first round series to 6 games, and if you guys get the 8th seed, I hope you guys win so we can still eliminate you guys in the second round! Thank NBA playoff reseeding after each round for that certainty!

Welcome to my Blog

Hello Everyone,

I have an Engineering Management Degree from McMaster University where I also minored in Economic Analysis during my undergrad. I’ve conquered a lot of challenges and accomplished a lot of goals during my first 27 years and one of my core beliefs is giving up on a dream is like admitting you didn’t work hard enough. I grew up in Hamilton, in a Sikh household with a very strong sense of family and community. Played Basketball and Hockey growing up. I still run, workout & play ball to stay fit. Outside of a year where I worked in Detroit, I’ve lived my entire life in the GTA, and am proud to call this region my home. Currently I’m a real estate investor with an eye for economics and will keep my blogs centred around real estate, economics (maybe cold showers) & basketball.

I’m going to try to use this blog and blog topics to help communicate my knowledge on a subject matter as well as just random thoughts on the market.

Thanks for reading, hope you’ll learn a thing or two.