The report is a guide to the luxury real estate market in North America.  It provides an overall analysis with trends and highlights comparative data on the top-residential markets throughout Canada and the United States. This month’s report displays the market statistics for North America month over month, as well as, the 13-month trend. In this month’s report, we review why understanding real estate cycles are important for buyers and sellers especially as we transition from a market set for a correction, and what this truly means. We discover why the predictability of real estate cycles can help understand cyclical trends while appreciating that there will always be variables that will impact the speed of change and strength of each cycle.