Tag Archives: toronto

Race to Rhodes Ave

Race to Rhodes Ave

An article on the insanity of Toronto’s real estate market. One of the couples who are profiled are 28- and 29-year old teachers. They put in a losing bid of nearly $650k on a home, and shortly afterwards bought a townhouse for probably the same amount. How can a couple of teachers possibly have or make enough money for that expensive a property?

I’ve stepped out of the real estate market after having lost a few bidding wars last year, but I’m still following what houses are selling for, and this year seems so much more frenzied than even a year ago. Prices in the areas my wife and I were looking have increased by around 10%. Nothing in Toronto’s real estate market makes any sense right now.