SJWs always project
Embrace correct laugh

The sorry state of real estate

The average annual income in Toronto is about $72,000.

Toronto home prices continued their unabated climb last month, the city's real estate board said Wednesday in what could serve as a prelude to the critical spring homebuying season in the country's hottest housing market.

The average selling price for all properties in the Greater Toronto Area jumped from $688,011 to $916,567 over the last year -- a rise of 33.2 per cent, the Toronto Real Estate Board said.

Note the wording: that's the average selling price for all properties.

The average price of detached houses in the Greater Toronto Area was $1.21 million in March, up 33.4 per cent from last year. For the city of Toronto, the average price of detached properties hit $1.56 million, an increase of 32.8 per cent from March 2016.

[Emphasis mine.]

Oddly enough, the average income in Toronto didn't increase by 33% during the same time frame. People are gleefully burying themselves in gargantuan debt because, just look!, house price always go up.

There will be a lot of pain, suffering and misery when the crash occurs.


Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.


Post a comment

Your Information

(Name is required. Email address will not be displayed with the comment.)