[craftbeerdad]

Real estate is such an interesting field to study. I'd recommend people download HouseSigma. You can see roughly 85% of houses listed on MLS what they sell for and search by area/year/housing type. It's quite something to see what areas go through phases and biggest gains (Landsdale and North End are crushing % gains).

While the Delta probably has seen the largest cluster of Toronto individuals (younger couples/families) pushing those numbers higher (throwing around another 100K), there's other areas seeing the same thing (Kirkendall/St. Clair). But a lot of places are listing below market value to help real estate agents feel great and for marketing purposes. HouseSigma has an algorithm that shows you what the value of a place is versus what it sold for. What's happening now is less over the top final prices relative to the intrinsic value that was seen at the Pandemic buying peak earlier this spring. There's still pockets where things sell quite a bit higher (Kirkendall South, Westdale, Delta) but in general things have slowed considerably. But it's all relative. Still a seller's market. Also one last final tidbit, KW and Hamilton are the only two markets in Ontario over the last 15 years that have not had a buyer's market. At times it's been balanced.