Huff Post: 10 GTA areas where house prices have gone insane

Won’t end well…

Homeowners in King Township, Ont., have basically won the lottery.

House prices in the region north of Toronto have nearly doubled in just the past year — up 89.6 per cent since October, 2015, according to data released this week by the Toronto Real Estate Board.

The average house price in King is now $1.919 million, up from $1.012 million a year earlier. House prices there have nearly tripled since 2013.  See:  GTA’s wildest house price spikes: 10 areas that have gone insane.

Here is a link to a slide show of Greater Toronto’s craziest house price jumps.

“With numbers like that, is it any wonder that nearly half the region’s millennials are seriously thinking about leaving?”

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