Real Estate

1st Monthly guess the GTA MoM loss for May 2017 Game!!!! Prizes to be won!!

  • Last Updated:
  • Jun 6th, 2017 7:51 am
[OP]
Member
May 18, 2015
484 posts
680 upvotes
Thornhill, ON

1st Monthly guess the GTA MoM loss for May 2017 Game!!!! Prizes to be won!!

1st Monthly guess the GTA MoM losses for May 2017 Game!!!! Prizes to be won!!

This month lets look at GTA MoM decline for detached homes in May 2017. This number will be based on TREB's reported total average price for detached homes as shown (on the first line under "total") below, and using the formula: ((April detached price - May detached price) / April detached price)*100, rounded to the nearest tenth of a percent.

Image

^ In the above example, the decline in GTA detached price in April was 0.8% as shown by the calculation below:

$1,214,422 - $1,205,262 = $9,160
$9,160/$1,214,422 = 0.0075
0.0075*100= 0.75%
0.75% Rounded to the nearest tenth of a percentage = 0.8%

Winner must guess the EXACT number to the nearest tenth of a percent. Closest to the actual number (without going over) wins the prize:

Comment in this thread and guess.

Rules:

1) 1 Vote per person
2) The % must be closest to without going over
3) If there is a tie, the person who first said the number will win
4) Any comments that have been edited at any time will be disqualified.
5) I will contact the winner via PM once the numbers are released

Prize:

*$20-$25 online purchase code for a popular online retailer TBD*

good luck.

FAQ:

Q: So what do you mean by going over? Say the real number is -6.3%... if I guess -6.2%, that's over? because -6.3<-6.2?

Or is it the absolute value of the number?

A: Absolute value of the number.

Q: Umm do you realize based on your own formula you are actually predicting a rise in prices? (a negative decline = a rise)?

The way the formula is set up, a rise in prices results in a negative number. So -1.5% means prices go up 1.5%

A: All guesses are assumed to be negative unless a "+" sign is used. Guesses with a "-", or just a number without a "+/-" are interpreted as a MoM decline.
Last edited by jonkoktosen on May 7th, 2017 10:21 pm, edited 1 time in total.
50 replies
Banned
May 4, 2017
31 posts
24 upvotes
LOL @ comparing one month to the next in RE....

YoY or nothing....and in May, expect another 25-30% :)

Good day.
Banned
May 4, 2017
31 posts
24 upvotes
BiegeToyota wrote: ^ Yea... but play the game. Make op happy.

lol...ok...-0.5% in detached is my guess...happy OP?

At this rate of decline, it will take 30 years to get back to 2015 prices lol.
Deal Addict
Jan 26, 2016
1609 posts
1448 upvotes
Toronto, ON
jonkoktosen wrote:
Winner must guess the EXACT number to the nearest tenth of a percent. Closest to the actual number (without going over) wins the prize:

So what do you mean by going over? Say the real number is -6.3%... if I guess -6.2%, that's over? because -6.3<-6.2?

Or is it the absolute value of the number?
Deal Addict
Jan 26, 2016
1609 posts
1448 upvotes
Toronto, ON
jonkoktosen wrote: -1.5%
Umm do you realize based on your own formula you are actually predicting a rise in prices? (a negative decline = a rise)?

The way the formula is set up, a rise in prices results in a negative number. So -1.5% means prices go up 1.5%

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