In many U.S. housing markets, if a home sold in 2006 or 2007 and is back on the market today, chances are the asking price is not much more than it was a few years ago. Often, it’s considerably less.

While there’s lots of talk about a bubble in Canadian real estate, the recent sales history of a nicely renovated century-old Toronto home suggests that if there’s a bubble, it’s yet to pop.

The home, which sold for $447,000 in 2006, $660,000 in 2007, and $810,000 in 2011, just went on the market for $845,000. It sold in a day — for $16,000 over the asking price. Source: theglobeandmail.com

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Use code JULY4 at checkout & save $50 on your Connect Now Bundle!Get the deal×