[Parkdalian]

Care to give your source of this info? I see a 100% increase in the average price in the Toronto area since the begining of the last recovery (1996 - 2009). Now, I didn't do any math to see what the per-year price increase was, but 2% sounds fishy. How far back are you going to calculate that number?

I don't have the info at hand, but if you do the math, it basically works out. Doubling time at 4% a year is about 17 years, ie 1992-2009. Strip out inflation and you have 2% a year. Compare this to the growth rates seen in Calgary before 2008 (that market crashed) and Vancouver now (eeeep!) and Toronto seems like a not very lucrative place to invest your real estate dollars.