7 Years of October Toronto Prices, detached and condos at all time high for month of October
Last edited by sircheersa on Nov 6th, 2018 11:38 am, edited 1 time in total.
Nov 6th, 2018 10:05 am
Nov 6th, 2018 10:06 am
Nov 6th, 2018 10:24 am
Nov 6th, 2018 10:28 am
LOLLLLBiegeToyota wrote: ↑ It doesn't look good..... for bears.
Nov 6th, 2018 10:32 am
Nov 6th, 2018 10:34 am
Nov 6th, 2018 10:59 am
Ottawa would look pretty terrible. Going up until around 2011/2012, then flatline until 2016. Federal layoff really hurt RE. Calgary probably followed WCS prices.BiegeToyota wrote: ↑ Can someone find a similar chart for Calgary and Ottawa?
Nov 6th, 2018 11:05 am
Nov 6th, 2018 11:18 am
A lot of charts here for OttawaBiegeToyota wrote: ↑ Can someone find a similar chart for Calgary and Ottawa?
Nov 6th, 2018 11:23 am
Nov 6th, 2018 11:27 am
The graph is wrong.
Nov 6th, 2018 11:28 am
Show actual data or this post is useless.dazz wrote: ↑ The graph is wrong.
1. Prices for condos only went up and continue to go up in the downtown core. For the rest of the city there was a dip and prices went down to 2016 levels. Same with houses, there was a dip in prices and I've seen plently of ~ 1.3M houses that went down to as low as 900K. If you want real data, go and look for yourself on sites that show sold prices.
Nov 6th, 2018 11:28 am
It's only showing October prices. The spring 2017 bubble peak (for detached) is not represented.dazz wrote: ↑ The graph is wrong.
1. Prices for condos only went up and continue to go up in the downtown core. For the rest of the city there was a dip and prices went down to 2016 levels. Same with houses, there was a dip in prices and I've seen plently of ~ 1.3M houses that went down to as low as 900K. If you want real data, go and look for yourself on sites that show sold prices.
Nov 6th, 2018 11:31 am
So you're just going to make stuff up and provide no graphs/links?dazz wrote: ↑ The graph is wrong.
1. Prices for condos only went up and continue to go up in the downtown core. For the rest of the city there was a dip and prices went down to 2016 levels. Same with houses, there was a dip in prices and I've seen plently of ~ 1.3M houses that went down to as low as 900K. If you want real data, go and look for yourself on sites that show sold prices.
Nov 6th, 2018 11:31 am
Nov 6th, 2018 11:34 am
The only way I knew how to compile this data was to manually pull it off the TREB reports. I did every month for houses and condos in Toronto for 7 years and got bored of doing it. If anyone else has more data I can definitely add it but I have no patience to pull anymore lol.LongLiveRFD wrote: ↑ What's special about 7th yr and October?
Nov 6th, 2018 11:37 am
Nov 6th, 2018 11:38 am
At least you invested in elbow grease. Unlike the sorrow bears, just hot air with high sulfur content.
Nov 6th, 2018 11:41 am
Yeah, this is totally sustainable. There's no reason the average Toronto house shouldn't cost 10.5 million dollars by 2039, and 20.8 million 7 years after that. Everyone can keep pace with a constant 17% growth rate when wages don't really rise.rfdrfd wrote: ↑ Thank you OP, we can always count on you for stats.
These numbers confirm what my agent has been always telling me. Property value doubles approx. every:
7-8 yrs for detached
8-9 yrs for townhouse
9-10 yrs for condo
In fact, thanks to the recent condo boom, condos doubled even faster than 9-10 yrs.
Even when wages don't support it, it doesn't matter. its about demand and supply.
There's lots more people moving to Toronto in the future, I ain't seeing any slowdown.
Nov 6th, 2018 11:44 am