Between 2000 and 2012 incomes went up by about 38% unadjusted for inflation while the average resale home price went up by over 115%. Is Toronto's housing market overvalued compared to incomes? You be the judge.
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Between 1985 and 1989 the average price of a house in the GTA increased by 113% in real terms or by $240,992 in today's dollars. L... -
The short answer is YES . If you think Toronto is becoming Manhattanized , I've got bad news for you: it's not. In my opinion... -
Is real estate local or global? I think the answer is both. While everyone would agree that real estate values depend on location, fe... -
Canadian incomes are stagnating. In fact, the median total income in Canada in 2011 was equivalent to the 1980 level -$57,000 (adjusted fo... -
In light of the current real estate market, I couldn’t help but check out what an approximate budget of $300,000 could buy in City of Tor... -
1 . There are almost twice as many condos under construction in the Greater Toronto Area than in New York - which has triple the populat... -
Who knows when Canada's housing bubble will burst. I've been writing this blog for over two years now and still nothing. Prices ke... -
Recently Statistics Canada released final data from the national household survey (Census) so I decided to dedicate a post to Toronto'... -
Update: Toronto median household income for 2012 is $73,300 according to demographia (pdf). Below is the data from demographia. Note, ... -
A typical doomer is in his 30's, has a household income of $150,800 on average, is likely to be a renter and expects home prices to ...
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