More people bought homes over $3 million in Toronto last year than ever before
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While the pandemic destroyed countless Toronto businesses and put millions of Canadians out of work, the wealthiest among us have remained essentially unaffected, with many of the rich actually getting far richer during the course of the health crisis.
Toronto s real estate was likewise unfazed by months of lockdowns and financial precarity, with sales volumes and prices continuing to skyrocket to reach new record highs over 2020.
Property in the city has become so overvalued that experts think we re on the verge of a housing bubble and assert that homes here are now more expensive, on average, that in notoriously pricey locales like San Francisco, New York and London.