Roxanne Tellier – Boom Times in the Big Smoke

It’s Boom Town for realtors in Toronto these days. 243,400 houses were sold last year, and as of April of this year, the average residence in the city had a starting price tag of a cool $921,000.

My old house in Scarborough, which we sold last July, was re-sold twice more by speculators before the year ended, each time jumping another $100K or so in price. It’s now been demolished and rebuilt as a monster home. I wouldn’t recognize the place, they tell me.