What a MILLION dollars gets you in Toronto

[anlauto]

Housing market is going crazy right now.....This was on the 6 o'clock news for selling at One Million Dollars...
http://www.theglobeandmail.com/real-estate/toronto/a-million-dollars-now-buys-a-tear-down-in-torontos-greektown/article33957589/

[A.Gramz]

And it will probally be torn down tomorrow to make way for a 3 mil house

[Cuda Cody]

I thought this was a joke, but you're serious!    

[anlauto]

The lot size is 20' X 78" or 1560 sq/ft

[Brads70]

Prices around here are getting crazy as well. Long term plans are to sell and move north as long as this bubble doesn't burst...... I think it will though. Tough for our kids to get into the housing market with these prices, but same thing happened in the 80's . It's all a big cycle, just have to jump on at the right time.

[RUNCHARGER]

It's nuts here too. My little place is over $600k now. Vancouver is way worse.

[Burdar]

There was a similar sized house for sale here in town. I want to say it was on the market for under 20k. 

Kind of like that tiny house craze. Some of those houses are selling in the 600k range.(in Oregon I think)

[Brads70]

17 years ago I paid $150 for mine I'd guess it would go for around $500 and up now... It's a sellers market here they sell really quick, often bidding wars I've heard of them selling 80k over listing price.

[anlauto]

Our neighbourhood is now $750K -$1M......We bought new at $324K about 13 years ago.

My LOT is 40' X 116' or 4640 sq/ft

[Cuda Cody]

You guys could buy 2 of my houses for the money you're talking and still have change left over for a new Challenger Demon.  Guess I'm not moving anytime soon.  Can't afford to!

[Topcat]

Sounds like the Bay Area disease is spreading.

Parents bought their house in 69' for $34K

Now worth 1.75 Million and it needs everything.

[RUNCHARGER]

Our buck is down though. That $1m is about $725kUS.

[303 Mopar]

The market is going up here in Denver too and houses are selling very quick.  I bought mine almost 10 years ago for $325k and its supposed to be worth $500k now.  Lord willing, I won't have to move and will buried with my dog in the backyard.   

[HP_Cuda]

The housing market is back where it was pre-2008.

Hopefully this is not the warning track.

[BIGSHCLUNK]

When we built the forecloser for my mom 6 years ago we bought it at 112k stuck in about 32k sold at 247.5 in 6 years. About the only thing that's gone right lately