"A good chunk of the wants to live in DT Toronto, further reducing the small supply" Toronto's population grew by 10% between 2001 and 2016. https://en.wikiped

"A good chunk of the wants to live in DT Toronto, further reducing the small supply" Toronto's population grew by 10% between 2001 and 2016. https://en.wikipedia.org/wiki/Demographics_of_Toronto#Population https://en.wikipedia.org/wiki/Demographics_of_Toronto#Popula... There is currently a vast supply of condos in the city, and considering the average number of children per household (1.1 in 2011), the supply should cover the housing demand in the city. Things are a little different in the GTA, but this still doesn't explain the magnitude of the jump in prices in the last two months.