Toronto Real Estate Price Increases Unexplained or is it CCP money Laundering ?

My Opinion: Unexplained ? Its plain as day ! When Vancouver imposed a foreign buyers tax it caused an increase in middle class real estate . Keeping locals out of there own markets in Toronto , I need to be careful how I explain my videos because im getting death threats

The Canada Mortgage and Housing Corporation (CMHC) found that over half of the increase in Toronto’s real estate prices cannot be explained by analyzing major urban markets and comparing them to their predicted values. While models are not always precise, they are a more reliable method than guessing or making assumptions. The CMHC’s analysis used three key factors: personal disposable income, the population of young adults, and mortgage rates, all of which were adjusted for inflation.

A significant portion of the increase in Toronto real estate prices is unexplained, according to the Canada Mortgage and Housing Corporation (CMHC). From 2010 to 2016, prices rose 40.19% in real terms, with real disposable income, population growth, and mortgage rates accounting for only 5.04%, 8.09%, and 3.22% of the increase, respectively. This leaves 23.84% of the price increase unexplained, or nearly 59% of the total increase. This trend was present even before the sharp increase in 2017, which saw prices rise over 30%. The CMHC estimates that the annual growth rate for the period should have been only 2.56%, indicating that the city has far exceeded that rate.

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