Comment 83093

By Walter Fielding (anonymous) | Posted November 21, 2012 at 13:46:55 in reply to Comment 83044

From today's Spec:

"The CMHC study shows an average Toronto price of more than $499,000 today, with prices in Flamborough, Ancaster and Burlington hovering around $490,000. Those prices compared to averages of $350,000 in Dundas, $150,000 in central Hamilton and $200,000 in east Hamilton."

The market catch-up that taking place is one reason why central Hamilton's valuation gains were noteworthy. In absolute dollar terms, however, it is hard to dispute the consumer demand that stokes those kind of suburban numbers. Average prices 2% cheaper than Toronto CMA in areas that have been growing their housing supply makes for an interesting asterisk.

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