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Introducing the MLS® Home Price Index
How This Service works Few FAQ>>> click
The Toronto Real Estate Board (TREB), Canadian Real Estate Association (CREA), and four other major real estate boards across Canada have developed a new system to measure home prices and home price growth: the MLS® Home Price Index (MLS® HPI). The MLS® HPI is calculated using a sophisticated statistical model that takes into account a home’s quantitative (e.g., the number of rooms it has) and qualitative (e.g., whether it has a finished basement) features.
The MLS® HPI traditionally is less volatile than average and median measures, which can swing dramatically in response to changes in the number of very expensive or inexpensive home sales from one time period to the next.
In the coming months, TREB will publish an increasing amount of data and analysis based on the MLS® HPI in its monthly Market Watch publication in a new section called “Focus on the MLS® Home Price Index”. Traditional average and median calculations will continue to be published in the Market Watch.
Buy Home? http://www.vijaygandhi.com | As YOUR Buyers agent
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Vijay Gandhi
Sales Representative
RE/MAX Dynasty Realty Inc. Brokerage*
We do Mortgage as well
Vijay Gandhi,
Mortgage Agent – Lic.# M10001947
CENTUM Metrocapp Wealth Solutions Inc.,Licence #: 12147
C: 647-267-6338 (Direct-Leave message or text)
O: 416.335.4335 | 905.471.0002 (page me-Have me)
F: 905.471.7441
“YOUR PERSONAL REAL ESTATE & MORTGAGE ADVISOR® FOR LIFE”
Please call me TODAY for a No Obligation Buyer Consultation or Pre-Listing appointment!
The referral of your friends & family is the greatest compliment you can give me. Thank you for your trust.
*Where terms & conditions apply
** not intended to solicit clients already in an agency relationship **
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