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Thanks Fusion for showing the real Toronto map. Good job.
Although the numbers can be a bit misleading for downtown - which looks low only because there are mostly condo apartments, not 2000 sf homes. On a per sq ft basis, there is no way downtown is the cheapest.
High Park-Swansea looks to be shaded in the wrong colour,
I'm pretty sure the average house price is in higher category, over $ 1 million.
Average price has risen 33% in a year....it's totally in a bubble. I guess as long as the economy's strong the prices won't pop but if there's an economic downturn, crash.
Average price has risen 33% in a year....it's totally in a bubble. I guess as long as the economy's strong the prices won't pop but if there's an economic downturn, crash.
there was a downturn in 2008/09, a huge one, and it didn't crash.
guys - the map is essentially of Old Toronto which is the old City Of Toronto's borders, so i'm aware it isn't the entire city of Toronto. Some dude on another site probably took some time to create it. Let's not whine about the fact that he didn't create everything to everyone's liking. Its a simple guide. If you don't like it create you own lol.
there was a downturn in 2008/09, a huge one, and it didn't crash.
The market has been very resilient over the last 15 years. I think some people conflate it with other places and they don't know the localized situation of the city clearly. Still, I don't think this rise in prices is tenable and there will have to be some sort of correction. I don't think it'll be as 'hard' as some people are expecting because of those localized factors. After the correction, we may even start to see that supply of affordable housing increase. Even prior to this ongoing 'boom' construction in Toronto has always been constant due to the growth of the city/metro. The biggest difference from 2005 onwards is that the growth has been refocused on higher density areas, DT Toronto being the primary example of those along with the fact that highrises have been getting taller. Otherwise, Toronto has been on a building spree for the last 50 years in good market conditions and bad. Unless mass people start to live in tents or shantytowns, it Is highly unlikely Toronto will stop building for the next 50 years.
there was a downturn in 2008/09, a huge one, and it didn't crash.
Not claiming to be a housing or Toronto expert but that big of a jump would make me nervous investing in a house there now. The guy I hang out with here in Kuwait owns 3 apartments in Toronto and he's happy but thinking now is a good time to sell.
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