### Comment:
Uh, do the math on that. A year's worth of peak gains got wiped out by the power of percentages. 4% profit in 2 years. Inflation at 2%. 
  
 And all the people who levered up in that scenario likely are now completely underwater re: RE, so anyone who bought. Conditions are still decent, and boomers aren't retiring, yet. 
  
 Yet.

### REPLY:
Median price was like 380k in 2006. Its like 850k right now. Yeah a small % of people who bought at the peak might be under water but the vast majority of Toronto home owners feel like scrooge mcduck 
  
 House prices still need a correction. Toronto's median house price to median income ratio is the highest in North America except for West coast big bois

### END.