|Yonge And Bloor Condos Toronto|
According to a recent study the nonstop growth of Home and Condo prices in Toronto and Vancouver continues to outpace incomes in all but the highest paying jobs in these cities.
The latest numbers from the Canadian Real Estate Association showed that residential Real Estate in these two cities yielded greater revenue than a large majority of jobs.
The annual price growth for a Vancouver Home was $193,000 just less than a judges salary.
In Toronto the average price growth for a Home was $103,000 in 2015, just below the incomes of senior government managers and dentists.
Vancouver home owners netted $25 billion in the previous year alone compared to employees $18 billion.
Future results in both Toronto and Vancouver Home prices could be moderated by a lack of wage growth and fewer job gains that could give Home buyers some pause.
Iris Li, a Toronto Condos Realtor specializes in Bay and Bloor Condos for sale.
Call/Text Today for a scheduled showing of any of these fine Toronto Condos.
Toronto Home And Condo Prices Soar In June