How To Videos

In today’s breakneck pace, white hot market. You NEED to be pre-approved for a mortgage or you are essentially going to be entering a horse race riding a donkey. Now in the old days one would simply walk into their bank and if you were offered a mortgage, take it and that would be that.

In many market updates and real estate articles of how to figure out what is happening in the real estate industry a term comes up many a time over… That term is “Months of inventory”. Today we will explore the meaning of this metric and what its purpose is.

What is Months of Inventory (MOI)?

A few days ago, Royal LePage released a study that claimed renters are losing $769 more per month than homeowners (you can find it here: Buying vs Renting study: Homeowners come out in front financially in more than 90% of scenarios analyzed). Obviously, this brought out some “nay-sayers” in the comment section with zingers like, “An article by a r...