4 ms·
The rocket ship rise of real estate in the GTA and indeed the entire Golden Horseshoe has certainly been bizarre to witness. I live in Hamilton and commute into
by increment_i 10y ago
The rocket ship rise of real estate in the GTA and indeed the entire Golden Horseshoe has certainly been bizarre to witness. I live in Hamilton and commute into the GTA for work. We bought our modest 3 bedroom townhome here in 2015. About four months ago our neighbour (who had a basically identical home) sold their unit for 100k higher than we paid. This week, a comparable home was listed for about 180k higher than we paid. So, in under 2 years, the current market value of our house would have seem to appreciated by almost 200k. This is a solid hour commute (by car) from the Toronto core.
So yeah, I'm not too sure whether to be extremely happy or extremely worried..
- titanomachy 10y agoIt's difficult for me to judge the significance of that because you report the $ increase instead of %, without a base value.
- idiot_stick 10y ago>you report the $ increase instead of %, without a base value. Think of the $200k in terms of average annual household income, which is relatable.
- ska 10y agoThis article: http://www.cbc.ca/news/canada/toronto/toronto-real-estate-february-1.4008215 http://www.cbc.ca/news/canada/toronto/toronto-real-estate-fe... Claims a 35.4% year over year increase. So that's a hot market.