Looks like your one of the suckers who bought recently. Just watch whatsa commin…

If all you know is real estate, then yes it’s the best return for the past 30 years.

Rich people aren’t walking around discussing how they’ve made all their wealth buying a bungalow in West Vancouver. haha.

This is Canadian exceptionalism. Over the past 30 years almost any indexed market fund would have outperformed a house, but no one knows that — they’d rather believe paying for their shelter costs are the number one priority.

If i buy a car today, I know that it will be worth almost 50% less within 3 years and that there will be nicer vehicles available within the same timeframe.
But i need the car today, I want it today as I cant drive kids in a two door coupe.
So my point was simply there are buyers who dont care about the near term price change as they require larger space for their standard of living.

OMG! A man with a brain. I 100% agree with you sir. I am in the remodeling business for 25 yrs in the GTA and you hit the nail on the head. It seams as though most articles written on the topic these days is like some kind of click bait BS . I appreciate your comment.

Kolkota 14.85 million people, 24,000/km2. Price to income ratio: 9.52

Toronto 3 million per4,149.5/km2. Price to income ratio: 10.73

Your odds of buying a house with a backyard in Kolkota is actually higher.

From Toronto, demand, demand and demand, did any factors include rental as the housing shortage is alarming and immigration is peaked with demand for employment , better benefits than the USA and more secure, I believe we are still not in a bubble as demand is more then availability..

You are partially correct, however, you suffer from the Toronto is the centre of the earth syndrome.

Real estate prices in the Vancouver area have been insane for years, in areas like Richmond, regular middle-class housing has been displaced by one mansion after the next with a Mercedes or Tela in the drive, but because the breadwinner is offshore, most often Mainland China, not only do these very wealthy people not pay any taxes, they are a drain on the system, Collecting GST rebates, child tax benefits etc.
So despite there being a severe shortage of affordable housing, our not too clever PM has decided to increase immigration to over 430,000 this year to ensure that this housing bubble continues to grow.
But only now that the housing crisis has hit Toronto are the rest of Canada waking up to what has been happening here for years.

I’ve been following the Real Estate market for over 30 years. I’ve been reading every article I possibly could. I don’t know why you article writers are either feigning ignorance, or are ignorant.
THERE IS NO BUBBLE! THERE’S LITTLE ILLEGAL MONEY LAUNDERING FROM ASIA!
What there is amounts to 440,000 immigrants allowed in from India for the last 5 years. They’re coming here with money, no one in the Federal Government is asking how they earned it. They’re educated, well heeled, and that’s why housing prices will keep going up.
What you Canadians think is a bubble, is a bargain to them. Try buying a 4 bedroom home in Calcutta, with a backyard!