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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