Real Estate

Locked: 7 Years of October Toronto Prices, detached and condos at all time high for month of October

  • Last Updated:
  • Nov 9th, 2018 2:33 pm
[OP]
Deal Fanatic
Feb 22, 2011
6093 posts
5929 upvotes
Toronto

7 Years of October Toronto Prices, detached and condos at all time high for month of October

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Last edited by mazerbeaner on Nov 6th, 2018 11:38 am, edited 1 time in total.
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Deal Addict
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Dec 13, 2016
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It doesn't look good..... for bears.
Deal Fanatic
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Jun 26, 2005
9673 posts
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Toronto
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.
Banned
Aug 3, 2005
1235 posts
1159 upvotes
BiegeToyota wrote: It doesn't look good..... for bears.
LOLLLL

Bears have been in shambles for years now....

The best ones are the delusional ones that still think a crash is coming and they are going to get cheap RE while all the current owners go broke LOL
Deal Fanatic
Feb 9, 2009
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How’s the shoe count looking ?
Deal Addict
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Dec 13, 2016
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Can someone find a similar chart for Calgary and Ottawa?
Deal Addict
Dec 4, 2016
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BiegeToyota wrote: Can someone find a similar chart for Calgary and Ottawa?
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.
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Feb 13, 2018
439 posts
387 upvotes
If the charts can talk
It’s saying buy buy buy, things can only go up!
Sr. Member
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Jul 8, 2010
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Ontario
Looking at the last 3-4 years, where is that 10% yearly average increase for detach that everybody is talking ?!?! Or average does not work in details?
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Dec 10, 2004
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Thornhill
rjg4235 wrote: Image
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.
[OP]
Deal Fanatic
Feb 22, 2011
6093 posts
5929 upvotes
Toronto
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.
Show actual data or this post is useless.
Sr. Member
Dec 30, 2012
977 posts
1028 upvotes
Toronto
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.
It's only showing October prices. The spring 2017 bubble peak (for detached) is not represented.
Banned
Aug 3, 2005
1235 posts
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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.
So you're just going to make stuff up and provide no graphs/links?

You've seen "plenty" of houses that were $1.3M that are now $900k and so what? Should we assume $900k is the average now?

My oh my you bears are pathetic.
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Jan 6, 2011
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GTA
What's special about 7th yr and October?

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