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> While you might be correct looking at other markets There is no reason to think he isn't talking about Toronto. Two years ago the average price in Toronto wa
by randomdata 6y ago
> While you might be correct looking at other markets
There is no reason to think he isn't talking about Toronto. Two years ago the average price in Toronto was around $800,000. The assertion was that they are increasing in price by $30-50,000 every 10 weeks for the last two years. That would be an increase of $330,000 over those two years. The actual increase, as of the latest figures[1], is only $245,000. And the latest figure shows up as an extreme outlier. One month earlier the two year growth would have only been around $160,000.
[1] https://creastats.crea.ca/board/treb https://creastats.crea.ca/board/treb