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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: russet who wrote (3215)	1/9/2022 7:25:11 PM
From: Sun Tzu	Respond to of 10713

In percentage points, I can tell you that cottages and small towns near Toronto have gone up far more than the actual GTA. I say this based on price checks and actual sales that we have done rather than what the realtors say. So it is anecdotal. But it is also unmassaged. The same is also true about NYC. When people started working remotely, many decided to move to the suburbs, cottages, and smaller nearby towns to save on the expenses (and also in to have better outdoor life). Since the supply of housing in the periphery is much more limited than the big cities, those prices went up much much higher than the big cities. But the new people moving in didn't care b/c they were flush with the money from the sale of their big city properties.