Accuracy of Board Reports

Recent article re: Accuracy of CREA Stats
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SGBAR-Patricia WestAdd to Contacts
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Thu, Nov 21, 2013 at 3:59 pm
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For those interested, the following article was taken from the October edition of CREA's NEWS2Me newsletter:

Can you count on our counting? Yes indeed.

Recently there have been media articles about CREA's monthly resale housing information that question the accuracy of our data. These articles have been generated by completely unfounded and uninformed accusations from observers outside of our industry. They are wrong and we want to assure our membership that you – and your clients – can count on the statistical information we publish.

These observers point to duplicate listings on REALTOR.ca as their evidence of "double-counting" without acknowledging that REALTOR.ca is simply a marketing site. The statistics used by CREA's economics team for analysis and reporting don't come from REALTOR.ca, rather they are generated by Board and Association MLS® Systems, and provided to CREA by those Boards and Associations.

To explain further, duplicate listings represent less than 0.8 per cent of all residential listings on REALTOR.ca. In many areas, including where these are heavily concentrated, they are correctly handled by the Boards and Association involved and not double counted for the purpose of statistical reporting of monthly MLS® data.

The scope for any impact on national sales data from the remaining widely and thinly dispersed duplicate listings that may slip through represents a fraction of a fraction of one per cent. This is not statistically significant, particularly as it relates to the identification of trends.

CREA maintains absolute confidence in the quality and accuracy of statistics it receives from Boards and Associations that are generated from MLS® Systems across Canada. 

Patricia West
Manager, Strategy & Communications
Southern Georgian Bay Association of REALTORS®
243 Ste. Marie Street, Collingwood ON L9Y 3K6 | T: 705.445.7295 | F: 705.445.7253

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Stanley Kukla

Stanley Kukla

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CENTURY 21 Millennium Inc., Brokerage*
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