Real Estate

Did we just hit the peak of the Toronto RE bubble?

  • Last Updated:
  • Feb 3rd, 2023 4:08 pm
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Jr. Member
Oct 7, 2019
199 posts
208 upvotes
holden wrote: So if I'm reading the latest TREB report correctly, detached homes in 416 for November averaged $1.56 million, which takes us back to March 2017 levels?

The peak seems to be February 2022 at $2.07 million, taking us at about 25% off peak.

OP was off about 5 years with the peak prediction, although we are now lower than that "false" peak.
which is why Toronto has been better value compared to the burbs in the past few years. I have been eyeing Bayview area but haven’t had a chance to make the jump.
Sr. Member
Sep 7, 2009
873 posts
511 upvotes
fdl wrote: Updated

Data Source: http://www.trebhome.com/market_news/mar ... /index.htm

Edit: Updating to track averages

Average detached price in Toronto:


2015
Mid May: $1.141
End May: $1.115
Mid June: $1.070
End June: $1.051
Mid July: $0.999
End July: $0.996
Aug: $1.017
Sep: $1.053
Oct: $1.071
Nov: $1.018
Dec: $1.039

2016
Jan: $1.061
Feb: $1.211
Mar: $1.174
Apr: $1.257
May: $1.285
Jun: $1.259
Jul: $1.202
Aug: $1.206
Sep: $1.294
Oct: $1.303
Nov: $1.345
Dec: $1.286

2017
Jan: $1.336
Feb: $1.573
Mar: $1.561
Apr: $1.578<<< Peak
May: $1.503
Jun: $1.386
Jul: $1.304
Aug: $1.191
Sep: $1.355
Oct: $1.287
Nov: $1.276
Dec: $1.250

2018
Jan: $1.283
Feb: $1.282
holden wrote:
So if I'm reading the latest TREB report correctly, detached homes in 416 for November averaged $1.56 million, which takes us back to March 2017 levels?

The peak seems to be February 2022 at $2.07 million, taking us at about 25% off peak.

OP was off about 5 years with the peak prediction, although we are now lower than that "false" peak.
So detached in the 416 is at $1.486 million for January 2023. Just ballparking but that's about 28% off Feb. 2022 peak in nominal terms and 34% off peak in real terms.

Any chance we get to 2016 prices?
Last edited by holden on Feb 3rd, 2023 3:03 pm, edited 1 time in total.
Deal Addict
Oct 14, 2010
1292 posts
1788 upvotes
Toronto
holden wrote: So detached in the 416 is at $1.486 million. Just ballparking but that's about 25% off Feb. 2022 peak in nominal terms and 30% off peak in real terms.

Any chance we get to 2016 prices?
Why 2016?
Just wait, we will.get to 2007 prices, after all interest rates are what they were in 2007 now Smiling Face With Sunglasses🥳
Deal Addict
Jan 5, 2018
2725 posts
2535 upvotes
budwizestest wrote: Why 2016?
Just wait, we will.get to 2007 prices, after all interest rates are what they were in 2007 now Smiling Face With Sunglasses🥳
2007, wages weren't higher.

2007, we weren't paying 2 dollars per a litre of diesel

2007, we weren't short in menpower

2007, we weren't importing 500,000 people a year.
NOT A WOMAN. JUST GOT A WEIRD NAME. I AM A MAN. THANKS.
Deal Addict
Oct 14, 2010
1292 posts
1788 upvotes
Toronto
jenneth wrote: 2007, wages weren't higher.

2007, we weren't paying 2 dollars per a litre of diesel

2007, we weren't short in menpower

2007, we weren't importing 500,000 people a year.
Ok back to 1997 prices then. It's so logical that prices shouldn't be more than what they were then.

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