&gt; Also, median detached house price in Toronto is just over a million, so if they got a couple of million<p>Be careful, the Canadian real estate industry always publishes <i>average</i>  <i>sales</i> prices, not <i>median</i> prices, and not median valuations.<p>Which is why the numbers are rubbish: Their numbers are biased toward by whatever turns over more, and by a small number of high value sales.<p>It&#x27;s the same reason why average income is a farce. The average of 4 unemployed homeless individuals and a $250k&#x2F;yr lawyer is $50k&#x2F;year.  The median is zero and more representative of reality.<p>Once the industry starts publishing the average valuation of a 3bd 1.5ba home (detached or not, there&#x27;s not a lot of detached inventory left!), listen to them. Until then, ignore their self-serving statistical butchery.