House Prices

Discussion in 'Chez Ziggy' started by scott43, Jul 15, 2018.

  1. scott43

    scott43 Making fresh tracks Skier

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    Just read that the average price for a top 5% house in the US broke $1 million. In March the AVERAGE price for ALL detached homes in Toronto was $1.2 million... #losing... :(
     
  2. Catskill carver

    Catskill carver Out on the slopes Skier

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    The .2 mill = socialized healthcare
     
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  3. graham418

    graham418 Out on the slopes Skier

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    Don't forget thats Canadian$ ....Only $600k US :doh:
     
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  4. Thread Starter
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    scott43

    scott43 Making fresh tracks Skier

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    Not to nit-pick but that's the top 5% of houses in the US..it's even worse than you think!! :eek::D
     
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  5. Catskill carver

    Catskill carver Out on the slopes Skier

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    I hear you but Toronto vs all US ?
    Toronto vs LA or Manhattan, now there’s a cage match !
     
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  6. Thread Starter
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    scott43

    scott43 Making fresh tracks Skier

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    It's funny, they have this site where they compare what $1mil gets you in T.O. vs some places in the States..2 bedroom bungalow on a 4 lane road built in 1942 with all original plumbing and wiring..OR...beach-front house in Malibu, 5 beds, 3 baths... :D Get me outta here!!

    I hear ya though..San Fran is nuts too..
     
  7. Jim Kenney

    Jim Kenney Travel Correspondent Team Gathermeister Industry Insider

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    Isn't Toronto where many of those popular HDTV real estate shows are based?
     
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  8. Thread Starter
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    scott43

    scott43 Making fresh tracks Skier

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    Exactly!
     
  9. Corgski

    Corgski Putting on skis Skier

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    Over the past couple of decades, Canada, England, Australia and New Zealand have been very aggressive in shutting down new housing development across all cities. They have all experienced similar price run ups. Happens here in the USA too, but more on a very local basis.

    Can I interest you in New England? You could probably get within commuting distance of Boston, 3000 square feet house, maybe an acre yard for half that Toronto average. For quick after work skiing you are stuck with 700-1000ft vertical drop, but within 2 hours of the big resorts. We let everyone believe New England sucks, keeps out the crowds. Not like the Coloradans who used to run around telling everyone "Colorado is great, you should move here." Did not end well.
     
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  10. Magi

    Magi Instructor Instructor

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    I think you live a different new england than I did, or we have different definitions of "Crowded". :)
     
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  11. coskigirl

    coskigirl Making fresh tracks Skier

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    Yeah, comparing one city to an average that includes lower cost rural areas is not meaningful.
     
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  12. Bill Talbot

    Bill Talbot Vintage Gear Curator Industry Insider

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    To be fair, we are talking Canadian dollars... ;)
     
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  13. Bad Bob

    Bad Bob old n' slow Skier

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    The more you guys talk, the more I love Spokane.

    $200 to $250 gets you something pretty comfortable and there are a dozen chairlifts within 45 minutes.
     
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  14. Guy in Shorts

    Guy in Shorts Tree Psycho Skier

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    Four unit condo complex on the Great Eastern Trail at Killington closed last Dec for 350K. Less than 90K for each two bedroom unit. Place was called Spruce Glen. Prices around the area are the same as when we moved here 15 years ago.
     
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  15. Philpug

    Philpug Enjoying being back on two skis. Admin Pugski Ski Tester

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    Reno has pretty much doubled since we arrived here 8 years ago and there is a severe housing shortage for not only purchase but rental. Reno is still what people think Denver will be, a smaller city close to skiing.
     
  16. Thread Starter
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    scott43

    scott43 Making fresh tracks Skier

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    So, for $2.5 million..you can get this in Toronto...
    [​IMG]
     
  17. oldschoolskier

    oldschoolskier Out on the slopes Skier

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    Even with the exchange house prices in the Toronto area (and surrounding area) are crazy.
    We bought our current house for 392k 8yrs ago, it has more than doubled despite the government imposed cool down implemented and a 1-1/2 ago, just outside Toronto. In Toronto same for same easily double if not triple, in the core 4 times+.

    As an FYI the greater Toronto area had the fastest growing new homes for nearly 25-30 years until about 8 years ago, at which point I lost track. Even then the house prices were nuts.

    There are a few exception states (cities) that make Toronto look cheap. Boston, Seattle, LA.
     
  18. oldschoolskier

    oldschoolskier Out on the slopes Skier

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    Yeap, and that’s not a great neighborhood.
     
  19. Thread Starter
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    scott43

    scott43 Making fresh tracks Skier

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    Yeah fortunately we own already..but man..good luck moving..unless you're moving OUT..
     
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  20. surfsnowgirl

    surfsnowgirl Instructor, newbie Subaru driver and winter lover Skier

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    There's a new development around the corner from us in Fairfield and the houses go for $1.2 million. Nice houses but we aren't even on the beach side of town. Crazy prices IMO. Once you get out of Fairfield county the prices get better. Condo/house prices in Vermont from Londonderry area up to Killington seem reasonable (to me) so I'm currently working on my SO to buy something up there for a 2nd home for us.
     

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