Blog About Technology + Life + Story. Over a millions people view -> Nice to see you. - We update often.


      See Office Slide Show   <-  Some design & take photos from iPhone, Android phone Galaxy, Tablet. 

- Game Theory click here.  | Millionaire Households Rank in the World Click | Toronto = GTA + City of Toronto Map, click here  
- Apply Economics on Toronto Housing's Problem Solving scientifically Click  - Salary, Property Tax, Cost Buy Home in 50 US's States in 2021 Click
- Canadian Millionaires rank #2 by population in the World. Where they live? (some update) Click here
- See Up-to-Date "Wearing Mask": Help Reduce COVID-19 transmission. Can COVID-19 transmit by air-conditioner? Save lives.  Click here
- Reopen economy. Spike in COVID-19 cases in many countries. - WHO (World Health Organization) revises in July 7, 2020, on COVID-19 is Air Transmission, Airborne, on Mask in June 1. Take a while for WHO to get it right the important of Wearing Mask & COVID-19 airborne. Which a Scientist Professor recommended back in April, May (see Blog April, May) that: "- COVID-19 can spread via micro droplets, tiny particle. Which can linger, stay aloft in the air, and can travel in space in the air, poor ventilation. You could breath in COVID-19. When people talk loudly, coughing, sneezing, laughing in crowded public gathering, bar, night club, restaurant, closed contacted, closed room space. Need wearing Mask. If known at early stage of pandemics, during virus peak lockdown in April, 2020 ". Just in July 11, NHK Japan:- WHO confirmed: - Aerosol spread possible -> Which means COVID-19 spread thru air, airborne. People breath in COVID-19. Click here (up: July 23, 2020)
- We Explain Why Toronto Home Sales plunge 54% but Home Price up in Blog June, 2020  (July, 2020) Click here.

- Intro the Author of Blog Click here - Linked In: https://www.linkedin.com/in/daviddang/  -> I started career BIG 20 y ago as Professor, 50$/ hr, 100,000$ /year.
CEO of multi-billions corporations like: Facebook Mark Zuckerberg, Pay Pal, Tesla Elon Musk, Shopify Tobias Lütke, Apple Steve Jobs, Oracle Larry Ellison, Alibaba Jack Mar, Dell Michael Dell, Microsoft Bill Gates, Airbnb Brian Chesky, Whatsapp Jan Koum, Twitter Jack Patrick Dorsey, Amazon Jeff Bezos ... did not complete CS in University, or dropped out University's Computer Science. But they know Coding by hobby, passion, self-learning or taking Programming courses to learn software languages like Java, Python, Scripts, Design Database very important. Only CEO Jeff Bezos graduated Computer Science in University. However, all of them had Start-up's Entrepreneur's Mindset & Spirit, hi-tech Passion, Innovation like I do. They build the best hi-tech software muti-billion company without Computer Science Degree. We need diverse Professor with real Experience, Entrepreneurs, Start up mindset. 

" - Few years ago, I was teaching and preparing materials, sitting in office with full of papers, reading materials, simple test, books. Now, new generation of Professors involve Start-ups, Entrepreneurship spirit -> Which will inspire students to create Start-ups, be Entrepreneurs. Very important. As we learn story of multi billion software company, it is is Start-up, Entrepreneur, Ideas, Innovation important. We need to change traditional mind set about software, technology. Computer Science is all about coding, different with Doctor, Nurse, Engineering ... CEO Mark Zuckerberg,Tobias  Lütke good coding since 16 years old. Study for working but not for a piece of paper." NOTE:  In College, it considers Work Experience, teaching students to write Coding, Programming, Database, Mobile App, Gui Screen Interface, Build Software, App ... Not focus on Theory of Computer Science. That why you see a lot students in Computer Science University come to Colleges to learn Programming, Coding, Database, Mobile App, Design GUI Screen Interface.., not Theory, or drop out CS University, because Theory of Computer Science seldom applied in reality. That happens to CEO of muti-billions software corporations. In software business, good Coding, Programming, Database + Ideas + Innovation + Entrepreneur Mindset, Start-up is most important. -> CEO Mark Zuckerberg dropped out Computer Science University, built Facebook, because he liked Social Media Connection and knew Coding. In early days of Facebook after it started 2 years, with few software engineers, at that time big multi billions Yahoo wanted to buy Facebook 1 billion dollar, but rejected by Mark Zuckerberg. Microsoft invested hundreds of million dollars. They are big, ten of thousands of programmer employees, but could not build themselves a Social Media application. While a dropped out student could build. -> CEO Shopify, an Immigrant Canadian Tobias Lütke, his bio, click here learned programming at grade 10, 11 high school only, no University, wanted to sell snowboard like small business, retailers. So he built Shopify, a Software, App for small business setup Store Front sell online (like Office Product) including E-commerce, Cashier Register, Print Receipt. The main difference between Office and Shopify is that Office allows business modify its own Software while Shopify is like a framework, fix, can't chance. For example, Office like Have Own Home. Can chance what you want. And Shopify like Have Condos in Apartment, fix, can't chance. Only Shopify can change, add on features. Both software share the same application are: Business can setup Store Front, In Store Order, E-commerce, Cashier Register, Print Receipt, Pick-up, Delivery... Shopify now market value 175 Billions dollars, bigger than one of top 5 bank of Canada, CIBC Bank stock market value = 50 B. He had no CS Degree. But knows Programming. Oracle Larry Ellison, Alibaba Jack Mar, Apple Steve Jobs... A lot stories like Mark Zuckerberg, Tobias Lütke, they are good Coding + Innovation + Ideas + Entrepreneurship Spirit, Start-ups. Story from many Start-ups build muti billions software corporation without CS degree. There is an increasing of immigrants -> also increase diverse students 40% - 45%. However, diverse Professors around 10%, because not many diverse Professors. Need to attract more diverse Professors. Here is example of a diverse Professor' s Linked In (not me, the Author). Click here.

- Jack Ma is already quitting Alibaba to teach for a while. Before Alibaba, He was an English Teacher. He finished Bachelor of Art at Hang Zhou Normal University in 1998. He applied jobs but was rejected all, even for a restaurant server at KFC. Then he became English Teacher with salary less than 1$ / hr = 160$ /mo = 1920$ / year in 1998. While in 1998, my salary 50$ / hr =100,000$ / year. Jack Ma understood that he could not be rich when working for some one. So he started up a business, Alibaba. Be Entrepreneur. Now, rich, he went back teaching. - Why does he want to teach? - For the love of teaching, hobby. Do something you love. - We tell you Story of Jack Ma, and many Millionaires, Billionaires hi tech software Entrepreneur, it is Entrepreneur spirit, Ideas, Innovation helped them to build billion company, and become rich.

- How BIG is your Dream? How BIG is your Canadian Dream? Click here. (Update: Jan, 2021)
- Become A Millionaire. Can you dream BIG? - Click here. (Update: Dec, 2020) -> "Explain why Toronto Home has paid already salary 150,000$ / year for 20 years" - Says A Scientist Professor -  " It doesn't matter How Much you Make. How Much you Have that counts". For Example, you made 50,000$ / year. But after spending, minus for Tax + Rent + Food + Car + Insurance, Phone, Living Expensive, Child Care, Travel, Debt... You Have 6000$ / year that counts. 6000$/year as example depends on each person spends. But you have to pay Tax, Rent, Food, Phone....
- Toronto Home Latest Summary Data for whole year 2020 in New Year Jan, 2021 - Click Here  
-> Update Summary Home Data 2020 in COVID-19 across Canada (Jan 20, 2021). Vote for The Winners based on Data not Mouth. Most Sales, Most Profit, Most Demand, A Million Dollar Home ...
- Invest Real Estate in Toronto Home Market for big profit. Don't love cheap. You Gain nothing. - Why? - A Millionaire Plan - Update Feb 12, 2021 . Click here.
- Toronto Home Market February 2021 - New Year 2021 Beginning Home Data of Jan 2021 - Click here  -> See Calculation. Click - Update Feb 28, 2021

What Office software can do but not other software? 1) Office can work on multi-Devices VS. Other only iPad 2) Cloud Print VS. Local App Print = Print closed range in store's Pos printer only. Can't print order online, ecommerce order. 3) Customer self-take orders when in-store VS. Other software Can't. 4) All-in-one Office, only one App one software: For both Staff & Customer used for: Mobile Order, Order in Store, Order outside Store, Order online, E-commerce, Casher & Print receipt, Pickup/ Delivery, Shortest Distance, Order & Sales Management VS. Other software used by almost 95% of small Businesses, Restaurants just A big dummy Computer Cash Register *Stand alone* for Cashier to Register Orders & Print Receipt. Done. Staff & Customer Can't Take Order. Can't Mobile Order. Can't Take order from Mobile. Can't Take Orders Online. Can't E-commerce. Can't Manage Pickup/ Delivery, Can't Manage Orders Management. This tradition Cashier during COVID-19 is a big failure. One Office App runs on All 5 x Devices: 1) iPad  2) iPhone  - 3)Tablet  - 4) Android Phone like Samsung Galaxy 5) Windows Laptop.  => While 100 millions Company Vend iPad Pos & 90% iPad Pos on market run on 1) iPad only. As you see the cost to build 4 x extra App = cost support & maintain 4 x Apps = 4 x Cost Time & Money. Do you know Office Order Management OOM: Manage all Orders, pick-up / delivery. - Which order does not pick-up, not delivery yet, with a lot of orders hard to keep track. 1-click Map of delivery of that Order. Track & Measure shortest Distance Delivery of each Order closest distance in 10, 15, 20 orders on List from WHERE the driver's location. Save Time & Direction of Delivery. -> The shortest distance always changed and updating after each delivery and depend up-to-date location of driver. Human can't measure. Most Drivers can't find the shortest distance relying on their experience guessing when on the road. Very complicated software algorithm. OOM Calculate: Total Sales, Detail of Sales, Products, Detail of Order, Date & Time of Orders...  / day / week/ month. See top button [Office Slide Show] - OOM can always fix error in Orders after taken. From OOM Action =  Edit, Print receipt, Email, OPay = Pay by Pay Pal (one click Office Pay send Pay Pal to email this customer) NOTE: Vend is 100 millions dollars software company, few hundreds of software developers. So far, Investors invested 100 millions in Vend Internet Company. It received 20 millions USD from Peter Thiel’s Valar Ventures and Square Peg Capital. https://blog.vendhq.com/post/64901824985/vend-raises-20m-funding-round-co-led-peter-thiels-valar-ventures-square-peg-capital. Recently, Vend Pos also received many other funding: 9 millions, then 13 millions, 60 millions, and many other rounds. Investors invest in Software Company Vend Total value 100 millions. https://pitchbook.com/newsletter/vend-secures-9m-investment. Contact Office: We deliver Office software thru local Consultant world wide. They are also professional software Developers. So that they can help you Modify, Technical Setup, Training. Contact your local Consultant. Contact: netthruoffice @ gmail . com -> Must have Subject : Investor or Customer. All in-one Office for COVID-19. Office helps businesses affected by COVID-19. Total value = 250,000$ We give away 100 Office software to businesses that are affected by COVID-19. Total value around 250,000$. A business owner said: - COVID-19 affects alot on small businesses. Today, we need to be smarter :  "Smart business, Digital, fast & efficient, large scale, reach out customers every where online, in-store, mobile" in order to survival in new normal COVID-19 Social Distancing. Office helps us to manage smart business better online, in store, pick-up/ delivery, In store Order, Online Order, Cashier Register, Order Management, Mobile Order, E-commerce Order All-in-one Office System. Good bye Cashier Machine only doing Cash Register. SUPPORT FOR EARLY-STAGE BUSINESSES " - We've heard from a number of start-ups and tech firms that are unable to access support programs because they don't yet have revenue or are in the early stages of development and are particularly vulnerable to the impacts of COVID-19. Innovative, early-stage companies that are unable to access existing COVID-19 business support are now able to apply for funding under the National Research Council of Canada's Industrial Research Assistance Program. " This message from a MP (Member of Parliament Canada) we want to share with start-ups, early-stage companies. - Canada opens to Canadian Scientists of all kinds of backgrounds, and provides them same access to equal opportunity, and their contribution to society.

- Office Mobile, Office Mobile Commerce Take order in store, out store, online & Cloud Print receipt - Office Take Order use Tablet, iPad. -> Server need to clean carefully tablet's surface, whole Tablet. Clean every page of Menu, paper, after customer used for next one. Else not safe for both staff & customer. A lot Time. -> Phone better. - New Reality Pickup & Delivery - Office Mobile Order = Drive Thru & Office Order Management to order & Manage Orders. New reality Customers don't want in store, Social Distancing, which creates Smart Business -> All-in-One Office.

A big dummy Computer Cash Register *Stand alone* -> Can park into a Mobile Cashier smartphone - [Office Slide Show] -> Big Dumb & Useless NOTE: Need smart Business, smart employees to adapt in COVID-19 time. Else  no profit, no safety.-> Only the smart business can survival ------------------------ - All-in-one Office: Mobile Order, Tablet & Mobile Cashier, E-Commerce, Office Card, Self-Order, Office Order Management, Cloud Print, Pickup/ Delivery, Shortest Distance, Multi-Devices ...

Update February, 2021- Data for Jan, 2021. The beginning of New Year 

A Scientist Professor explains: Human is Greed and Fear. People focus on Gain. Ignore Lost (Debt). This called " Behaviours Economics ". They focus on each Detached Home Gain = 1.5 millions, not yet gain. Although they spend for Deposit = 300,000$ to Buy Home. They ignore Lost. Mortgage Debt = 2.5 millions dollars each Home. Take at least 30, 40 years pay off mortgage debt. They spend 300,000$ to buy a Detached Home 1.5 million dollars. But they already think they own 1.5 m Home, have 1.5 millions dollars, not yet gain. People say " I buy Home. I have Home ...Of course you can buy home with small money 5% Deposit. A Home 500,000$, (in Florida, Ave Home $238,000, Texas $200,000) 5% Deposit = 25,000$, different with 20% Deposit = 100,000$ = A 20% Deposit can buy 4 x Homes with small 5% Deposit. But they don't talk the Deposit, how much? 5%, 10%, 20%, and the Mortgage Debt 30 y, 40 y " -> 1) Who Buy Home with small 5% Deposit? 2) 5% Deposit is it good choice, smart? 3) Why you buy home with 20% Deposit or more? 4) With 20% Deposit, why not buy 4 x homes with small 5% Deposit?  Click here Data Intelligence vs. Emotional Intelligence ( Emotion doesn't mean "making decisions with love" ). Emotional Intelligence Making Decisions based on feeling (love, hate, jealousy, biased..), feel good, self satisfied, Human Behaviour. For example; People Buy 1-million Home they feel good like Millionaire. Thus they make decisions on feeling good, biased. Ignore Data. While Data Intelligence Making Decisions based on Data, Fact, Reality, good Love, no Biased. Scientist found that most people making decisions Emotional Intelligence are blind, easy failed, not success. Most people do illegal activities, bad things, stealing, break laws making decisions based emotion, Emotional Intelligence, self satisfied disregard reality, low level of Intelligence (because not use Brain), biased, bad Love. For example; I Buy Home deposit 5% -> Get Home. They Buy Home deposit 25% -> -> Get home. (There are people Buy Home deposit 30%, 40% reduce to 15y, 10 y). The same. I am smarter than them ->  Emotional Intelligence. You self smart, low level of Intelligence. If so, all people I know Buy Home 5%.

Challenge your mind, smart or dumb, level of analytics or grade 5, Data Intelligence ? (Update March, 2021) Dan bought a home 20 years when home so cheap. Now equity in his home about 1.5 millions dollars if selling the home. 1) Should he sell his home, and Buy 5 x Detached Home, each valued 1.5 millions dollars, big Deposit 20% each = $300,000. But big mortgage Debt = 2.5 million dollars, including Interest Payment each home. May take 25 years pay off Debt. Like Credit Card. Borrow 10K but include Interest Payment could 4x times more = 40K Payment 2) Or should he keeps his home 1.5 millions dollars. No Debt. Enjoy life. Question: Either 1) He keeps his 1.5 millions dollars Home. Or 2) Buy 5 x 1.5 millions dollars Detached Home each big Deposit 20%. A lot of Risks. List of Risk? What are the most Risks? What happens to Inflation? - For now, Interest Rate on historic low at 0.25% until 2024. He can do this big game now. Buy 5 x Detached Home 1.5 m each, big 20% Deposit each. Which way 1) or 2) You will choose for benefit and less risky? Dan played this big game before, because of his interest, like people interest in car, in food, in stock. He wants to challenge you, the intelligence. What do you learn? Why not Buy Home with 5% Deposit. Why Buy Multi Homes 20 years ago was better, but now is not? Click here ( same click here from left side) - Why you work hard 10 years. Nothing. Why others work hard 20 years, become Millionaire? - No Home is Nothing. You should have knowledge to prevent big mistake. Get rich. Became Millionaire. A person said " - If I know more, like more about Investing in Property, big game, I would have Home, Condos early and rich. Plan early. Not wasting time & Wasting money & Not listen to wrong people. Now Nothing, work hard 10 y still nothing, a miserable loser. Regrettable. Professor D.D started live = 0, alone in big city, goes thru, lives thru experience, hard time. He understands people leave their home town to live alone in big city with big dream. He wants to help you. "

Starting new year 2021 with OMG - Oh My God - Another big blow on record for Toronto Home Market. Jan 2021 month is also province Ontario and Toronto in State of Emergency and "Stay Home" order because of 2nd wave of COVID-19 more serious than 1st wave. COVID-19 doesn't affect Toronto Home Market.
1) => Ave Home Price in GTA up 10% = A Million Dollars for 1st time. Profit for GTA Detached Home = up around 300,000$ -> A lot millionaires created just 1 month.
And for the 1st time, they are pushing the Detached Home in GTA home price more than Semi-detached Home in the City of Toronto. Although Semi-Detached Home in new year 2021 up 21.5% Home Price a big up %. Last month Semi up 11.6%. This is like millions of Retail Investors are pushing the price of GameStop, AMC. A surprise!
But Detached Home in GTA still far lower price compared to City of Toronto Detached Home. A temporary shift of people to GTA, suburban during COVID-19 away from City, ghost city. Not fun. They work from Home, or lost job in the City, now stay home more -> They are in Demand for bigger space, big back yard for Home -> Thus pushing the Demand for Home outside the City of Toronto
-> As a result, GTA higher Home Price. But when COVID-19 over, the City back to normal, we will see the price drop, like GameStop. This like a comparison to "GameStop" stock, the little Retail Investors vs. the big Billionaires Hedge Fund Investment, the Establishment, the Suburban vs. the City, and the will of common people can push the Price up. Which creates a lot of Millionaires outside the City. Because usually, Millionaires created inside the City.
NOTE: The City of Toronto because of COVID-19, became ghost city like Detroit. But it has been build over 100 of years, can't change, Center of Financial Hub, Head Offices of big Banks, Stock Market, big Corporations, and center of Manufacture Hub. After COVID-19 over, back to normal, people from Suburban outside the City will come back to the City, back to the Office. The Home Price of the Suburban, GTA will drop significantly like GameStop. Cash out Home in GTA, Suburban. But you see, Detached Home and Semi-Detached Home in the City of Toronto do not drop the Price, but even higher than before. Detached Toronto for 1st time surpasses Vancouver Detached and the price at peak.
2) => And in City of Toronto big Up for Detached Home, Home Price up 16%, Home Sales Up 30.2%.
For 1st time, Detached Home in City of Toronto surpasses Price of Detached Home in Vancouver, although in the pass, the differences not much, even Van Detached Home Price up 10.8% compared to last year.
Also Detached Home City of Toronto  breaks record price at peak = 1.56 millions. Currently more than 1.56 m => Big winner new year 2021.
3) => Semi Detached Home in City of Toronto, Home Price up 21.5%, Home Sales up 84.1% on record for 1st time.
4) => Condos in City of Toronto Home Price down -8.5%, but Home Sales up 85.5%. Condos back.
5) => It could be a sign of beginning of Immigration pushing the demand for Home. Either Buy Home or Rent Home, or Both pushing the Demand. Not sure? But Monetary Policy record Low Interest rate until 2024 + Fiscal Policy Gov Benefit COVID-19 + Low Listing Supply, no one wants to sell their Home, for sure. Thus the combination of record low interest rate + cheap borrowing money + low supply + population increased by immigration is pushing the Demand higher
6) => The Ave Home Price = Ave All Properties = Ave of Detached + Semi Detached + Town Home + Condos. Condos sales back with 86%, a lot of Condos sales with lower down Price = -8.5%, will drive Ave Home Price down. More accuracy, focus on Ave Price of each type of property.

=> Down below in update Feb, how much Salary, Income you can afford to buy home in 51 US States.

5 biggest Canadian City's Data released in Feb, 2021 for Home Data Jan, 2021
Ave Home Price across Canada is 470,000$ if including Toronto & Vancouver = 607,280$.
Home Price and Home Sales up across Canada, not just Toronto.
By percentage %, GTA Detached Home Price up most 36.6%. Home Sales Detached Vancouver up 68.6%. Price still not expensive.

5 biggest Canadian City	Data for Home Price Jan, 2021	Last month Dec, 2020	Price Last Year Jan, 2020
Vancouver. 800,000 population, Tourism, Film Industry. Province BC. -> Rank #4 Ave Home Price in the world 1) Hong Kong 2) Singapore 3) Shanghais 4) Vancouver & Toronto 5) Shenzhen 6) Los Angeles 7) New York  8) London  9) Beijing 10) Paris -> by CNBC -These Cities' Price down in COVID-19. But not Toronto up significantly.	-  Ave Home Price =  $1,056,600 - Price Up: 5.5% - Sales up: 52.1%.   - Detached = $1,576,800. - Price up 10.2%, Sales up: 68.6% - Townhouse  $815,800 - Price +4.9%- Sales:+42.8% - Condo  $680,800 Price +4.3% Sales:+46.8% => Comp Last year Jan 2020.	Ave Price = $1,047,400 Detached: $1,554,600 Town Home: $813,900 Condos:$676,500	- Ave Home = $1,008,700 - Detached Home = $1,431,200 - Townhouse  $782,500 - Condo  $663,200
Montreal. City of Province Quebec 2nd biggest City Canada after Toronto 1.75 millions population, Montreal University, McGill University.	Ave Home Price $426,500   Detached: $430,000 Price: 17.8% Sales: 33.7% Condos  = $322,000  Price: 14% Sales: 20%		- Detached Home = $353,000 - Condo  $275,000
Ottawa 1,000,000 population or 1m, Capital Canada. - Ottawa Capital is civilized, quiet, good place to live, less crowded, less all kinds of people like Toronto, mostly white color Employees working for Government Offices.  - Affordable Home and Rental. A Semi Detached Home in Toronto can buy 2 x Detached Ottawa	- Ave Home Price = $587,892 Price up 11% - Home Sales up 24% Comp Last year 2019 - Ave Detached Home = $677,197 Price up 31.2% Sales up: 20.8% - Ave Condo $380,336 Price up 12.5%, Sales up: 30.6%		This Detached Home in Ottawa 4 bed-rooms 529,500$ -> Click see bigger photo
City Calgary. Province Alberta 1.26 millions population, Canada Center Oil Producers.	Compared to last year Jan, 2020. Ave Home = $424,000 Price  +1.9% - Home Sales up 40.6% Detached = $492,900 up 2.9% Y/Y Semi = $391,300 down 1.3% Y/Y Town Home = $280,900 up 0.5% Condos (Apt) = $245,100 down -0.4%	Last Month Dec 2020 Ave Home = $422,300 Detach = $490,500 Semi = $393,300 Town =$280,500 Condos = $243,600
Kitchener- Waterloo 234,000 population, Hi-tech, Start-up, Canada Silicon Valley, Waterloo Univ, Head Office of Black Berry, Nortel, Head Office of Google Canada ...	Ave Home $695,582  Price up 23.9% - Sales up: 28%. Detached = $853,490 Price up 27.3% Semi = $626,512 Price up 29.3% Town Home = $468,891 Price +14.6% Condo = $566,345 Price up 29%	Last month Dec  2020 Ave = $612,531  - Detached = $719,203 - Semi = $520,703 - Town  = $468,891 - Condo = $391,698	Province's Ave Home Price Quebec =  $340,200 Newfoundland & Labrador =   $281,900 Saskatchewan = $283,371 Winnipeg = $286,500 Halifax = $393,461 Alberta = $405,500

The most important question in Property investment for the Buyers, the Sellers, the Builders, the Investors is: the Income or Salary of the Buyers that can afford this Home, this Condos, this Town home with this price.
If you build town home, condos, home for people in that area, that location, but the customers don't have enough income, salary to buy  -> Then it is very hard for you to sell.
For example, a condos 615,805$ you need a customer with salary 124,335$. And a home 1,039,438$ need salary 178,499$. With this customer's Income, then you subtract for Income Tax, Living Expensive, Personal Loan, Debt -> Then see if customer have enough money to pay for mortgage loan every month.

The Buyer looks at yourselves, how much your worth, your net worth, your salary in odder to afford this Home?
Do your customers have such salary in order to afford this price? -> In Toronto, Vancouver. Yes. -> Look at GDP per Capital: Canada = 46,000 USD, same with German only after US

A Big Bank said that " Canadian House Prices Now 46% Higher Than U.S."
https://www.msn.com/en-ca/money/topstories/bmo-uncovers-simple-reason-canadian-house-prices-now-46percent-higher-than-us/ar-BB1d4v0b?ocid=mailsignout&pfr=1

Salary needed to afford a home in US American Latest 2021. Include: Home Price, Property Tax, Monthly Income ... A lot Data
https://www.msn.com/en-ca/money/finance-real-estate/how-much-of-your-salary-youll-need-to-spend-to-afford-a-house-across-america/ss-BB1atupM?ocid=mailsignout

For example; Live in Florida, Home Price = $238,600. You, or a Couple, need Salary = 62,772$, Down Payment or Deposit 20%  =  47,720$ ( in US, you can Deposit 10 % = 23,860$. Not much compared to Toronto ), your monthly Mortgage = 12,900$ (cheap mortgage)  or every month you pay = 1075$ / month. In 30 years working hard, you have Home and pay off  $238,600.
A Story. A lives in Montreal, and B lives in Toronto. Both had Home. After 20 years working hard. A has asset around 450,000$. B became Millionaire with asset = 1.5 million dollars. Because Home in Toronto home price increased faster than Montreal. That's why a lot people became Millionaire because they choose the right place, Location Toronto #1 or Vancouver #1.
Florida is not good return ROI Profit than Montreal. Even you live Florida 30 years, the Return on Investment your Home still around is 238,600.
NOTE: Buy a Home in Florida is cheap. You need 23,860$ for 10% Deposit then you have a home. In Florida, A Factory's Salary can afford. New York is New York State not New York City

Salary needed to afford a home in Canada from National Bank Latest 2021. Toronto Property Investment is game for big men (elite). Toronto has a lot of big men (elite). What is "elite"? In political and sociological theory, the elite (French élite, from Latin eligere, to select or to sort out) are a small group of powerful people who hold a disproportionate amount of wealth, educated, political power Politician, or Millionaires, or high skill, like Scientist, Professor, Doctor.. in a society. Defined by the Cambridge Dictionary, the "elite" are "those people or organizations that are considered the best or most powerful compared to others of a similar type.". Is it only the "Elite Toronto" can afford Home in Toronto?  A Scientist Professor, who 20 year ago, his salary 50$ / hr, 100,000$ / year = Salary 300,000$ today,  says: " 20 years ago, an immigrant couple working in factory with minimum wage 5$ / hr, 9600$ / year x 2 = 19,200$ / year, could afford Home. But now, only "Elite Toronto" with salary 178,499$ can afford Home. But with that big salary, they have to work 24 years in order to save for Deposit to Buy Home. Is it Home Price Vancouver, Toronto high? -> Depend. If you look at the Home Sales of 1-Millions dollars Home, in Vancouver Detached up 68.6%. In City of Toronto, Detached up 30%, Semi up 84.1%. In GTA Detached up 35.4%. Very hot Demand even on Record. For common people very high. But for Elite Toronto, not very high -> You need both side View. " NOTE: All Data we got from big Bank, Official Data. We don't self create Data. No mouth Data.   Elite Toronto, who had experience wealth, and salary, and educated high paid career, includes diverse people with different backgrounds. The number of Millionaires in Toronto is more than the number of Millionaires in Singapore, the richest country in Asia. In Toronto, to afford for Condos you need Salary 124,335$, for House (non condos) you need Salary or Income = 178,499$. If you save 10% of your Income or Salary. But what Salary or Income. How big?  -> They refer Salary or Income 124,355$ for Condos, and 178,499$ for Home. With this Income, you need work hard for Condos take 5 years, for Home take 24 years of SAVING of Salary 178,499$ in order to afford Home in Toronto. The Report from National Bank came out few month ago. But just recent months, Housing Market in Toronto jumps same as Vancouver. Even higher. In Vancouver, need Salary 230,488$ and 34 years of Saving. In order words, to Buy a Home in Toronto, you need Salary 178,499$ -> Save 10% of 178,499$ for 24 years . See Calculation. Click here . For example; At 30 years old, you are Professor, Salary 178,499$ / years (big Salary, Ave Professor 105,000$) -> Take you 24 years for SAVING. At 54 years old you can afford for Home in Toronto. This Data from the big Bank. No blah blah mouth data. Which means if you don't have such Salary or Income, the Lenders, the Banks will not let you borrow money. NOTE: Save 10% of Net Income after Income Tax + Misc Deductable like CPP, EI (not Gross Income). Salary 178,499 $ Gross Income is big Income -> Big Tax at least 30%. And Living Expensive -> The Bank refers the Condos Price:615,805$, Non-Condos (Home) = 1,039,438 $ https://www.msn.com/en-ca/money/video/this-is-how-much-money-you-need-to-make-to-afford-a-house-in-different-canadian-cities/vi-BB1doOO3?pfr=1 A person said: In the past 20 years, every day 9am - 5pm, I work for Home. People no home, they are happy. Home is a motivation pushing me work harder. Home is taken care first before food, any thing, even hungry. In hardship I found happy an achievement of a dream This could shock a lot of people, a lot couples, their "Dream Home". This could break up Relationship. We speak Data. Do not afraid of Data. Let Data tell the truth, good for you to understand making good decision than give you honey. No mouth Data. No bad mouth. Home is the biggest asset. 90% Asset is Home. No Home is Nothing. Working hard after 20 years, Rich or Poor depend on Home.  Pay Home first (1st) before any thing, even eat instant noodle everyday, even hungry, even in debt. Home is piggy bank to create Millionaire. For those people already had Home in Toronto, don't cash out for small Profit. Keep it for a long time like 20 years. If you think Home did not affect Relationship, think again. Don't be naive, dumb. We already saw happening: 1) One of Partner lied that had Home, but actually Rent.   See Calculation. Click here . (update 27/ 02/ 2021) Ask: What were you doing 20 years ago when Home so cheap? -> What you are doing now needs salary 178,499$ for non-condos (Home) and 24 years saving. Today, Ave salary's Professor 120,000$, Ave Doctor = 100,000$ will not qualify for Home in Toronto. Based on Data from the big Bank. NOTE: According to big National Bank of Canada, in Toronto, you need Income or Salary $124,335 for Condos with Price = 615,805$, and $178,499 for Non-Condos (Home) with Price = 1,039,438$. Take 51 months or 5 years to Save Deposit or Down Payment for Condos, and 289 months or 24 years Saving Deposit or Down Payment for Non-Condos (Home). Use this Data. The Bank with hundred of thousands customers knows better than anyone. No listening to big mouth Data = big cheese mouse trapped. A Story: By Toronto Star in our Dec Blog - A Professor who is in 40s old 'Millennial'. His Income or Salary 105,000$. He doesn't have enough conditions to qualify for a Home in Toronto. Because he wants to Buy Home when Ave Home Price = 1-Millions dollars Home. May be take him at least 12 years SAVING for Deposit. Home already triple. So he was late. While another Professor started career early when home is so cheap, Ave = $217,000. He could Buy Home in 4 months. Use this Story then measure other people with different Professionals in society. -> That is why ask:  1) What were you doing 20 years ago? 2)  Where did you live? -> Make a big difference. What are you doing now needs salary 178,499$ to buy non-condos (Home) -> Professor David. D Click see his [ Cheque ] 20 year ago, 50$ /h, 100,000$ / year. 2) One Partner complains that when see other people, their friends have Home, but they don't. Eventually relationship is broken. The main reason why people buy home, because they are jealous with other people, friends, neighbours, relatives who have home. And they do not. Thus motivate them work harder. When you live in society like Toronto, when Home is 1-millions dollars Home, like others drive Lamborghini, and you not. You feel big shame. You are homeless, a miserable loser. => That's why, Play with Rich. Associate with Rich. Surround with Rich. Live with Rich  -> You became Rich. => In developing countries like Thai Land, Malaysia, Taiwan, South Korean ... the gap between Rich and Poor even bigger. The treatment between Rich and Poor is big difference in society. Unlike developed countries, like Canada, still humanity, good benefits, free education, free health care, Child Benefit. Canada take care of poor people, people disadvantage, bottom, vulnerable even better. Look at COVID-19 benefit, a family with 2 children, lost job gets: 2000$ x 2 + CB 850$ x 2 (until children 17) = 5700 $ / month for a year of benefit. Before COVID-19, a middle class with home, car, pay a lot of taxes. When lost job, lost income use Credit Card very high Interest Rate, borrow cash to live, pay for living expensive. But a poor family, a poor person, no home, can apply for welfare, social assistance, food stamp, free medicine, housing subside, affordable housing, all kinds of benefits. Canada is considering (not yet) Universal Income Benefit for the poor, will get 1700$ / month. Some people say joking " Either you Rich or you Poor. Don't be a Middle Man ". Some people take advantage of system. They work for cash, pay cash, undertable, and get benefit. No pay taxes. Can't  buy home if working for cash, like no income. - The only benefit is Child Benefit for Rich or Poor, get same money. Unlike US 330 millions population, Canada is 2nd largest country in the word after Russell, large land, rich natural resources, but small population, 37,8 millions. 3) They will do anything for Home. Above a man said, every day he goes to work for home. Home is first priority need to take care first, pay for Home first, even no food, stay hungry, in big debt.  Else the Bank will take Home away -> You became a big miserable loser. Most broken marriage because of losing Home. 4) Very hard to have girlfriend if you have nothing, no condos, no home. Every one has car, used car few thousands dollars. No Home is viewed as miserable losers, homeless, bottom. A man said. The first 2 years is Honey (love). The next 20 years is Money (responsibility, living expensive, car, home, travel, business, cloths, beauty, children...). No Money. No Honey. 5) The boy friend, husband just RENT. He works low wage restaurant, factory. Can't afford Home. Then the girl friend knows. Too late -> As a result, she works in same factory help pay Home debt 30 years. Very common. US, Canada education is #1. Check background LinkedIn. A Story: We know this couple personally. The boy friend married the girl friend from another country. He said have nice home, with photos. But he works in factory low wage, hardly buy home. The girl friend did not know he works low wage in factory, and did not know about Home in Canada. When she came to Canada. Then she knows her boy friend working low wage factory, no University degree. And he rent a 2nd floor. Then he referred girl friend working in same factory, same place he is working. The girl in her home country, never experience working in factory, now, no choice but following him working in factory. Because she no English, no education in Canada, hard for her to get job. So working in factory is only choice for her or make Nails. No other choice. => Every day, 8am - 5pm, the couple drives to work same factory in same car. The girl did not like working in factory, but no choice, can't not come back. In need of money. Low Income, can't stay home. Too late. This very common happens. NOTE: Most immigrants first job is working in factory. Go back to Canadian school and Canadian University to become Engineer, Scientist with Canadian Degree very very hard. Also take a long time, while you need money to make ends meet right away. Can't wait few years in school, and cost money for education. The girl should check social media LinkedIn if he has LinkedIn Account. Now in Toronto, even Professor, salary 170,000$ to Buy Home, take 24 years of Saving. This couple is working factory with minimum salary to Buy Home. How long?  6) A Story: Live in US for 15 years asset = 50,000$. Because home is cheap + high Living Expensive. Blah blah big mouth data. I have a friend in US just bought home few years ago. He came US 15 years ago in 2006. Take him 10 years working low wage to save 25,000$ for 10% Deposit Home 250,000$. So he just Buy Home only 5 years, a home value 250,000$, with 10% Deposit = 25,000$, and Mortgage 30 years pay off home. Some Deposit 5% = 12,500$. Then he blah blah big mouth data that he had "big nice home, good  salary" ..  His girl friend does not know about home. But actually his asset only 25,000$ after working low wage saving for 10 years. Home still 25 years to pay off. Now the girl has to work very hard at least 25 years, to pay off the Home 250,000$. She is sharing with him a heavy burden for 25 years to pay of the Home debt 250,000$. No choice. After few years they separated. She got  25,000$ because his Total Asset = 50,000$, home still not pay off yet, only bough 5 years, not much equity in home. He spent first 10 years working in US to save 25,000$. And not A million Dollars Home. She got lucky get 1/2 the asset by the Court. He bough the house first. Not both Buy Home at the beginning from scratch. NOTE: In Canada, US developed countries, you need good education to have good pay salary. It doesn't have bribery money, corruption money, stealing, illegal activities. Strict law. 7) A Story: In 1983, 38 years ago, a couple in Toronto both worked in factory started minimum wage 5$/hr = 9600$ / year. Took 15 years saving 25,000$ to Buy Home in Toronto 1998 with Ave Home Price = 217,000$. Today, 1-millions dollars Home, this couple needs salary 178,499$. A young couple in 20 came to Canada, Toronto in 1983, 38 years ago. Back then, a lot immigrants increased their age so that they could come to Canada sooner to work, to make ends meet. They started career working in Factory 5$ / hour, Gross 800$ / month. After Income Tax + Misc Deductible, like CPP (Pension), EI (Unemployment Insurance) = Net 680$ / month, not including other living expensive, car, rent, insurance, grocery, travel, restaurant, drink, misc spending ... Both had car go to work, added on more expensive, like Car Loan, Car Insurance, Gas, Car Maintenance. Winter snow in Canada could not take Bus to work. Late work. After 15 years, both Saving 25,000$ for a Deposit to buy home 1998, in Toronto. 20 years ago, 25,000$ = 75,000$ today money. Big money. A Professor started career in 1998, salary 50$ / hour, 100,000$ / year. In 4 months, the Professor made $25,000, same money = The couple working in factory saving $25,000 for 15 years. If lucky work for big multi billions company, it raised minimum wage. Take 12 years salary of a worker = an Engineer entry level just get started. For example, 20 years ago, a minimum wage worker started 5$ / hour. An Engineer entry level started 13$ / hour. After 12 years the worker may jump to 13 $ / hour if working for big corporation. After 20 years, today minimum wage 14$ / hr because Government raised minimum wage gradually. -> Professor David. D Click see his [ Cheque ] 20 year ago, 50$ /h, 100,000$ / year. He says: " I started live = 0, at 18 years old, 30 years in Toronto, 7 years after the couple. I worked all kinds of jobs, started with factory with minimum wage 5.5$ / hours. Then I back to school, to University. Then I started career in 1998 as Professor 50$ / hr = 100,000$ / year. I also worked as Engineer, Scientist ..So I know all kinds of salary from Factory -> Engineer -> Scientist -> Professor. I still continue next 20 years contributing to society." 8) A Story: Buy 1-millions dollars Home (Detached 1,58m, Semi 1.2m), with 10% Deposit = 100,000$. Salary 200,000$ required big challenging. You can get a 5 years Fixed mortgage rate = 1.7 % (big Bank more expensive 5 years Fixed 2% than small Lender. But small Lender easy out of business). Monthly mortgage payment = 3700$ / mo. Salary or Income require = 200,000$ (required, big obstacle). If you increase Deposit from 10% (10% need mortgage insurance) to 20%. Then Salary or Income will drop from 200,000$ to 180,000$. If you can prove the Home you buy can bring rental income (they will come your home to check. Usually old home already built Rental Income for Rent, separate exit entrance door) then Rental Income can be used as Income. For example, your Rental Income = 2000 $ / month = 24,000$ / year. Then the Income or Salary 200,000$ with 10% Deposit will be reduced to around 170,000$. The number can vary, change but give you an idea. 9) A Story: About Home Ownership & Mortgage Debt. Buy Home in 2006, 30 years amortization, only 1/2 road, 3000$ / mo, Mortgage Debt = 540,000$ Calculation Mortgage Debt: Most people buy home 30 years to pay off. If you buy home 15 years ago in 2006, monthly payment: 3000$. Mortgage Debt = 3000$ x 12m x 15y = 540,000$ People buy a Home value 500,000$. They did not have money, so they deposit 5% = 25,000$. Take them 40 years to pay off 500,000$. If they deposits 20%, take them only 25 years pay off the Home. Their loan mortgage is 2000$ / mo. So they pays more 15 years = 15 y x 12 m x 2000$ = 360,000$ pay extra more than Deposit 20%. Because small Deposit 5%, 1) They have to pay extra few hundreds dollars for mortgage insurance. 2) And they pay more Interest Payment because deposit only 5%. 3) And Home Ownership, take 40 years longer to pay off the Home. Never own home with small 5% Deposit. That's why people have money usually deposit 20% reduce Interest Payment every month. After 5 years, Their Total Asset = 30,000$ because small Deposit 5%, money paid for Principal Payment very small. People think they own the home 500,000$ or whatever price after Buy Home with small 5% Deposit = 25,000$, while others deposit at least 20% = 100,000$. With 20% Deposit, *they are not stupid*. They can buy 4 x Homes with 5% Deposit, but they choose not to Buy Home with Deposit 5%. 20 years ago, people with *high salary* wanted to buy *multi-homes* with 20% Deposit when home so cheap, *small mortgage*, when Ave Home 217,000$, when easy buy home not very strict. Now they don't Buy Multi Home because mortgage too big debt, too risky. Not smart, unless you can afford 20% Deposit. Because of small Income, small salary, low wage, low cash. Home Ownership = 5%. Bank owns 95%. They don't talk about 35, 40 years big Debt, hundreds of thousands dollars. Never own Home 5% Deposit. Very risky. Dishonest, Exaggerate. See calculation. Click here. Most people Buy Home with 5% Deposit abandon their Home after 5 years because so many risky, multi big debt, tenant problems, multi tax, mortgage insurance, home maintenance, operation cost ... Some bad tenants don't pay rent, lost jobs, winter cold, snow, hard to kick them out. They are begging. Take few months you lost money. There are laws to protect tenant. They damage your home, pick-up rent late, home maintenance, repair toilet, noise, smoking, drinking... So many problems. Without CERB (COVID-19) benefits, probably Housing Toronto will go down. CERB COVID-19 = 2000$ / month help Home owners more than Tenant. Most CERB COVID-19 Benefit money pay rent first. Gov CERB -> Tenant -> Home Owner -> Bank. Help every one. Hard to kick out Tenant during COVID-19 already a year. Whatever, don't fight with miserable loser tenant, you become loser. Some times, the Landlord, the Home owner rent, live another place to live. Some time they renovate a whole house for Rent. Very hard to sell later. The Real-estate Agent, the Sales Agent want to hook them in 5% Deposit for easy buy, easy sell, and more profits for the Bank. All people I know don't Buy Home with 5%. After 15 years buy home in 2006 with 5% Deposit, still Bank's Home. You want to be rich -> Need work hard at least 30 years more. Easy lost home if lost job. They ignore the fact that it will take them 35 years to pay off and own the home. They are greedy. Scientist called this is Behaviour Economics. Human Behaviours focuses on Gains 500,000$ (not yet gain 500,000$. Need work hard 40 years) not on Lost. Total Debt = 2000$ /mo x  12 mo x 40 years = 960,000$. They still has 35 years to pay off big debt mortgage of the Home. The Total Deb = 960,000$, not 500,000$, for the Home because of Deposit 5%. For example, you borrow credit card 10,000$, but you pay 40,000$ more because including Interest Payment. People poor because they don't use Data. NOTE: The Financial Crisis, 2008 - 2009 happened because people buy home with small Deposit. Then when Home Price dropped, or lost job, lost income, they abandoned the home easily with 5% Deposit (25,000$) not big lost. If they deposit 20% (100,000$, 4x) they will not abandone their home. They also are blamed for pumping up the price. That's why today, the Bank needs high salary to buy home. Amortization: Number of years to pay off the Home. No more Debt. Most people low income or average Income buy home 30 years to pay off. Small Deposit like 10%. Deposit 5% could take 40 years. Challenging your mind, smart or dumb, level of analytics, Data Intelligence ? (Update Feb 29, 2021) Dan bought a home 20 years when home so cheap. Now equity in his home about 1.5 millions dollars if selling the home. 1) Should he sell his home, and buy 5 x Detached Home, each valued 1.5 millions dollars, big Deposit 20% each. But big mortgage Debt = 2.5 million dollars each home. 2) Or should he keeps his home 1.5 millions dollars. Either 1) He keeps his 1.5 millions dollars Home. Or 2) Buy 5 x 1.5 millions dollars Detached Home each Deposit 20%. Very risky. Which way 1) or 2) You will choose for benefit and less risky? => Will continue more Story. => In most cases, pay heavy price, survival with nothing, miserable loser, because not using Data, less educated, lack of knowledge about Home, and not check background LinkedIn, not FB. See Home Price and Salary needed Buy Home in US: https://www.msn.com/en-ca/money/finance-real-estate/how-much-of-your-salary-youll-need-to-spend-to-afford-a-house-across-america/ss-BB1atupM?ocid=mailsignout

Update January, 2021 - The Summary for the whole year 2020 only Data that counts

Begin New Year 2021. The City of Toronto is in state of emergency, in lockdown. We are beginning in 2nd wave of COVID-19, begin of the dark winter 3 months Jan -> March. Toronto Housing Market for a whole year 2020 is already has Data.
Home Market in Toronto, and 5 biggest Cities, Montreal, Ottawa, Vancouver already released in January 2021
The Summary of Average Home Price for the whole year 2020 in City of Toronto: 1,000,850$ up 117,470$ last year 2019, summary for whole year = 883,380$. City of Toronto Home Return On Investment (ROI) more than Ave return every year 65K -> 75K.
- In GTA Summary whole year :929,699$ up 110,420$ compare to last year 2019, summary = 819,279$ .
- Home Sales up in record this 2020 year. Up = 64.5% compare to last year  2019.
- In Toronto, Detached Home or Single Family Home is most demand type of home. Both Price and Sales up in record.
- In Vancouver : 1,047,400$ up 5.4% compare to 2019 - Home Sales up  = 53.4% compare to last year  2019.

NOTE: This is not every months of 12 month ups/downs Price, not 12 x Price of Year-to-Date price. This is summary a whole year Price. Home price ups/ downs 12 months, but only Summary Price is a whole year tells Home Price of a whole year 2020. The final Home Price of year 2020 is 1,000,850 $ finally.

In Jan 2021, Summary Data Ave Home Sales & Home Price of Toronto 2020.

5 biggest Canadian City's Data released in Jan, 2021 for Home Data December, 2020.

5 biggest Canadian City	Data for Summary Home Price 2020	Last month Nov, 2020	Summary whole year Price Last Year 2019
Vancouver. 800,000 population, Tourism, Film Industry. Province BC. -> Rank #4 Ave Home Price in the world 1) Hong Kong 2) Singapore 3) Shanghais 4) Vancouver & Toronto 5) Shenzhen 6) Los Angeles 7) New York  8) London  9) Beijing 10) Paris -> by CNBC -These Cities' Price down in COVID-19. But not Toronto up significantly.	- Summary for whole year Home $1,047,400 - Price Up: 46,400$ - Home Sales up: 53.4%. Comp Last year 2019. Ave Summary Home Price Vancouver change little = $46,400. While Summary whole year Price Toronto Up = $117,470 - Summary whole year Detached = $$1,554,600 Price up 10.2%, Sales up: 71.3% Comp Summary Last year 2019 = Most Sales in 2020 - Townhouse  $813,900 Price +4.9%- Home Sales:+62.9% - Condo  $676,500 Price +2.6% Sales:+40%		- Summary whole year Ave Home = $1,001,000 - Summary Ave Detached Home = $1,423,500 - Summary Ave Townhouse  $778,400 - Summary Ave Condo  $656,700
Montreal. City of Province Quebec 2nd biggest City Canada after Toronto 1.75 millions population, Montreal University, McGill University.	Ave Home Price $426,500 Price up 21.9% Condos (Apt) = $325,000  14%
Ottawa 1,000,000 population or 1m, Capital Canada. - Ottawa Capital is civilized, quiet, good place to live, less crowded, less all kinds of people like Toronto, mostly white color Employees working for Government Offices.  - Affordable Home and Rental. A Semi Detached Home in Toronto can buy 2 x Detached Ottawa	- Ave Home Price = $547,071 Price up 16% - Home Sales up 36.4% Comp Last year 2019 - Ave Detached Home = $647,082 Price up 17% Sales up: 26% - Ave Condo $357,653 Price up 13.1%, Sales up: 43.1%		This Detached Home in Ottawa 4 bed-rooms 529,500$ -> Click see bigger photo
City Calgary. Province Alberta 1.26 millions population, Canada Center Oil Producers.	Compared to last year Dec, 2019. Ave Home = $422,300 Price  +1.5% - Home Sales up 40.1% Detached = $490,500 up 2.8% Y/Y Semi = $393,300 down 1.5% Y/Y Town Home = $280,500 up 0.2% Condos (Apt) = $243,600 down 2.1%	Last Nov 2020, Ave Home = $423,600 Detach = $492,800 Semi = $395,100 Town =$282,200 Condos = $245,400
Kitchener- Waterloo 234,000 population, Hi-tech, Start-up, Canada Silicon Valley, Waterloo Univ, Head Office of Black Berry, Nortel, Head Office of Google Canada ...	Summary Data Home for whole year 2020 Ave Home $612,531  Price up 16.1% - Sales up: 28%. Detached = $719,203 Price up 16.9% Semi = $520,703 Price up 18.3% Town Home = $468,891 Price +14.6% Condo = $391,698 Price up 13.7%	Last month Nov  2020 Ave = $637,366  - Detached = $753,641 - Semi = $562,989 - Town  = $482,901 - Condo = $400,822	Province's Ave Home Price Quebec =  $340,200 Newfoundland & Labrador =   $281,900 Saskatchewan = $283,371 Winnipeg = $286,500 Halifax = $393,461 Alberta = $405,500

Important News. The vote for 2020 = The Detached Home in GTA suburban the Winner in 2020 COVID-19
Summary for whole year 2020 in COVID-19 time = Record Home Price & Home Sales across Canada
1) Interest Rate record low 0.25%, until 2024, thus Mortgage Rate very low in record is the main reason for the Home Price & Home Sales in record across Canada. 2) Then Gov's COVID-19 Benefits package helps people and businesses thru COVID-19. 3) Then low Supply Home. 4) Then pent up Demand March -> May 1st lockdown.
NOTE: In previous Blog few months ago, we tell a Story, a person in the City of Toronto, bough a Semi Detached Home just one year, then sold that Semi Home less than 1 week for 120,000$ profit.
2) Detached Home of City of Toronto is the most profit in 2020 = 151,904$, across Canada. See Data -> Look at the last Profit column
3) Detached Home of GTA both Home Price up 15% and Home Sales up 18.3%, Profit = 137,653$, the most Demand Home in 2020 across Canada. Because people move out the City of Toronto to suburban GTA out side the City of Toronto that becomes ghost town. Restaurant, Theatre, Head Offices, Banks, Gov Agencies closed. Condos in the City also less Demand. Because people also move to GTA. GTA Homes cheaper than City of Toronto.
4) Condos of City of Toronto is the least Demand Sales down -6.7%, across Canada in 2020. The main reason is COVID-19, City of Toronto like ghost town, people need home more space, because they Stay-Home, Work-from-Home, is the main reason Condos in the City. Which is pushing the Demand of all types of properties, Detached Home in GTA on Demand, Home Sales & Home Price up in GTA outside the City of Toronto.
5) Detached Home in Vancouver is the most Home Sales in record = 71.3% across Canada in 2020
6) City of Calgary is the least Demand, least growth region in Home Sales and Home Price around 2% or not growth across Canada. Because of high unemployment and  Oil Sector not doing well.
7) GTA (Greater Toronto Area) suburban outside the City of Toronto is the most Demand region, across Canada. Home Price up 13.5% & Home Sales up 8.5% in record because people in the City move out the City. International Students also move out the City learn at Home in their country.
8) The Ave Home Price and the Detached up the most by percentage % are Ottawa Ave up16%, Detached up 17%, and Kitchener-Waterloo Ave up 16.1% and Detached up: 16.9%.
9) The most expensive Home and also A Million Dollars Home in Canada: 1) Detached Home Vancouver 2) Detached Home in the City of Toronto 3) Semi Detached Home in the City of Toronto 4) Detached Home in GTA. They are also A Million Dollars Home.
10) What do you forecast Toronto Home Market in 2021? Continue to grow, and Demand.
Because: 1) Good Gov Fiscal Policy + Momentary Policy of Central Bank, 2) Low Supply and 3) Immigration.
1- Interest Rate continues keeps in record low in 0.25% until 2024. 2- Canadian Government continues support COVID-19 all kinds of COVID-19 benefit packages 3- Immigrant 401,000 will come to Canada this year. These are main factors contributes to growth in Toronto Housing Market.
11) " Housing Risk will come from 1) Fading Income support and expiring mortgage deferrals 2) Rising Interest Rate (low Interest Rate until 2024). But not from COVID-19."  Says Brendan LaCerda, senior economist at Moody's Analytics
12) Ave Home Price across Canada is 470,000$ if including Toronto & Vancouver = 607,280$.


=> Ontario, Toronto is currently in State of Emergency, "Stay-Home" Order effective Jan 14, 2021, because of COVID-19 in 2nd wave. Hospital out of capacity. Could be until Feb, 2021. (Jan 15,2021)

NOTE: As Data Scientist, We as well as Real Estate Industry, don't use and don't care about Data of your Home, his/her Home, their Home, or any particular Home, particular street, particular area, not accuracy, meaningless, not scientific, cheating, to represent a whole population of a City. We use Average Data to represent a whole population, a City. We also calculate and use "real Data" like Profit = 117,470$ for accuracy, easy understand Number, value, and avoid use percentage like Profit = 11%, 10%. People will have hard time to understand real Number, its Value.
For example; GTA Ave Price up 13.5% (Calculate = 110,420$)  and Ave Home Price Ottawa up 16%. But GTA profit more because its Ave Home Price 2x more than Ottawa. When we use Profit = 110,470$ people easy understand "real Number" its Value.
For example; A person shows his Home says it is 2 millions dollars  straight from Mouth. Not Scientific Data, meaningless "Mouth Data". It doesn't represent a whole City. You need to average thousands of homes. Only the Database System can calculate, analyse accuracy thousands of Data. All Data we collect are "Official Data".

We Scientist talk Data based on "Official Data" and Research. No "Mouth Data". No Bad Mouth. Need Computer Scientist, Data Scientist who is professional and trained to make sense of Data. Common people, not trained, not see Data, even access to a lot of Data. Like Anthropologists, looking at stone, animal, know their history thousands of years.
 

Update Feb 6, 2021

Invest Real Estate in Toronto Home Market for big Profit. Don't love cheap. You gain nothing.

To Buy Home, you need Deposit + regular Income (salary, not self-employed, not regular) prove that you can pay monthly Mortgage 30 years, for example in Toronto around 120,000$. People think they own Home right after Buy Home, even Deposit only 10%, mortgage at least 30 years (big mortgage. Even 20y ago, Ave Home = 217,000$, still take 30 years to pay off. Today A Million Dollars Home), and Buy Home only 15 years since 2006, very popular. Still Bank's Home. Exaggerate.
99% people even just move in Home, they think their home, own 1.5 million dollars Home. It is not. It is Bank's Home. The Bank own 80% you own 20%. Bank can take your Home any time if you don't pay loan (mortgage) on time. They spent 300,000$ for 20% Deposit for 1.5 million dollar Home, then they think they own 1.5 million Home, but actual Asset = 300,000$. Honesty #1. You want to be rich, millionaire -> Take 20 years working hard for it. Not easy path.
The Bank is lending money for you to buy Home. It is their Home. You need to have at least 15 years, more than 1/2 road you can say your home. They have mortgage for 30 year, 35 years to pay mortgage for Home. If you buy home 15 years ago, since 2005, it is still Bank's Home. You are only 1/2 road. Home in Canada or in US in Europe, the way to Buy Home basically the same. In US you can Buy Home with 5% Deposit. The difference between Deposit 5%, 10% and 20%, 25% is that you pay for Interest Payment 300,000$ -> 350,000$ more, a lot of money, and more years like 10 years more. The Real Estate Agent, the Lender, the Bank did not tell you because they make more profit. People can't wait to have Home. No calculation. No Data. Big mistake when Buy Home.
For  example; A Home 500,000$, deposit 5% = 25,000$ to Have Home. Take 10 years to save 25,000$. If Deposit  20% = 100,000$, take 20 years. Can't wait 20 years for Deposit 20% = 100,000$. So people less Income, less Money will buy Home 5%, 10%. But Small Deposit, the money pay for Interest Payment could more than 200,000$. A lot of money.

NOTE: By Number, Canada rank # 7 with 505,010 millionaires with 37.8m population, after US #1 8,676,895 millionaires with 330m, China #2 1,800,215 millionaires with 1.4 biilion population, Japan #3 1,618,670 millionaires with 127m, German #4 1,022,625 millionaires with 84m people, UK #5 893,900 millionaires with 68 m, France #6 887,340 millionaires with 67m people ...
By Population, Canada rank #2 after US, more than German. If every one who owns A million dollars Home in Vancouver, City of Toronto, GTA then the number of Millionaires of Canada more than China. Impossible. This Statistic in 2019 before the jump of Home Prices in Toronto and GTA. If Statistic today, Canada will by rank #6 above France.
From DATA, in 2020, Ave Home in Toronto up 117,000$,  Detached= 152,000$, Semi Detached = 121,000$ a lot. Usually people work hard for 12 years to have that money. But, Home in Toronto returns just 1 year.

A Story:  How long do you work hard to have 120,000$? -> 12y, 15y, never. How much Profit if Buy Home in Toronto Home Market?
Invest in Property is the Big Game for Big Men. Need Knowledge. The BIG Return is Long-Term like 20y. Don't Play Short-Term like 1 year, 5y, 10y.
That's why people miss-opportunity to become Millionaire, because they sell Home short for what ever reason in short term. Short Term such as, Lost Job, Cash out for Profit, Move different location.... In Canada, if you want big Profit, you shod Invest in the best Location like Toronto, Vancouver Home Market, the best Location is #1. Play Big. Win Big. Do not choose the location where Home is cheap, waste time. Invest in Stock, paper, is very Risky. When it crash, you lost all paper. Specially, the Retail Investors, Day Traders, Reddit’s WallStreetBets, millions of them, more powerful than big Billions Hedge funds Investment Firm in Wall Street play short. They, retail investors, can pump up a Stock like Game Stop, Black Berry, more risky ups/downs like Coastal Rider, Market is manipulated like gamble in Casino => Invest in Property, whatever, you Have A Home, not Paper but Physical Asset, to live. Save RENT. You no worry. Says a Scientist Professor, continues, I would recommend to invest in Detached Home, Semi-Detached Home in the City of Toronto for "Big Profit".  You need a Deposit Cash from 150,000$ -> 200,000$ to buy Home in Toronto. Toronto is better Location than Vancouver, because its biggest City of Canada, the future Growth, the Immigration, the Population 9.6 million more than 6 x times Vancouver, a Financial Hub, big Banks, Manufacture Hub of Canada...Most people Choose other location cheap Home like Montreal, but small Return, waste time, not worth it. When you live, you get big ROI (Return On Investment).

A Story:  Update Feb 6, 2021 20 years ago, Two people, one lives in Toronto, one lives in Montreal. Both Have Home. After 20 years working hard, the one lives in Toronto, became Millionaire. The one lives in Montreal, now Asset = 400,000$. => Choose the right Location is the best advice in Investment in Property. A woman said: " I sold my Semi-Detached Home in Toronto. From Toronto moved to live in Montréal because Home is very cheap. A Semi-Detached Home in Toronto can buy 2 x big Detached Home in Montreal. And she shows her Home a big Detached Home with swimming pool + big back yard with 1/2 price of a Semi-Detached Home in Toronto. Feel good. Big space, cheap home. " -> The way she thinks is straight emotional, naive, grade 5. She did not use Data, use Brain. It is hard not easy use Data. Data Intelligence. -> Warren Buffett, billionaire investor, said, “If you don't find a way to make money while you sleep, you will work hard until you die." -> We say : "If you don't find a way to make money while you live, you will work hard until you die."  - Wealth Effect Theory. She lacks Data. Poor because she doesn't know Data. She made decision based on "Emotional Intelligence". She feels like it, because cheap and big Detached Home, big space, big backyard, swimming pool for 1/2 price of Semi-Detached Home in Toronto. -> That's why this Story teaches a lesson why 2 people working very hard 9am->5pm for 20y, one became Millionaire, and one is still poor. She wasted big time for 20 years living a place that is not Return On Investment (ROI). If she lives in Toronto, she became a Millionaire -> Big ROI. In COVID-19, a lot of people want to move out of the City, less stress, less crowded, feel good. Big mistake. Maybe they don't have enough money to buy home in City of Toronto, Detached difference 400,000$, Semi difference 100,000$. So they buy home in suburban GTA. In COVID-19, there are around 80,000 people moved out the City of Toronto to their home town, suburban. But then there hundreds of thousands of Immigrants every year move in big City like Toronto. Simple -> Just Buy Home in Toronto and Live -> You Became Millionaire. Don't love cheap. You gain nothing. Human Intelligence: Emotional Intelligence vs. Data Intelligence. As Scientist, we see people, managers, businesses made decision based on "Emotional Intelligence". Human Evolution evolved thousands of years learn making decision by "Emotional Intelligence" for survival. It is Human Evolution, Darwinism. But today, Technology, Software, the Internet had changed the way we make decision. We are smarter, not Dumb. special AI (Artificial Intelligence). But "Emotional Intelligence" still in Human thousands of years, part of Human Intelligence, thousands of years, can't erase. They make decisions based on emotion, feeling, Like It or Not, self-satisfied, feel good, easy making decision. They disregard for fact, logics, analytics, data, science Data Intelligence. NOTE: Self-satisfied is one of big part of "Emotional Intelligence" -> If you feel good, satisfied yourself  then OK. No Pain. No Gain. You will not achieve anything if self-satisfied. For example, in COVID-19, we are making decision based on Science, Data = True Love. Data said thousands and thousands people died of COVID-19. The truth. Can't ignore. Not by Ideology = Blind, like not wearing Mask. When we are making decision ignore the fact to exchange for self-satisfied, self indulge, it is wrong, immoral. For example, the woman made decision to move out of City of Toronto, sold her Home to Montreal based on Emotional Intelligence. Because Home in Montreal so cheap, a Detached Home, big space, big backyard, swimming pool for 1/2 price her Semi Detached Home in City of Toronto. She lacks of knowledge, don't do Research, not look at Data, Data Intelligence, because she is not smart. Love Cheap -> Gain Nothing. Toronto returns on investment ROI = 65K -> 75K / every year. Become a Millionaire after 20 years.  NOT because of making decision based on Data Intelligence makes us less Human Emotion, less Feeling, less Love. But making decision based on Data Intelligence makes us True Love not Blind, Fair, Fact not Fake, Reality not Honey, Truth, Honesty #1. No Biased, no Discrimination. The more we are educated, the more we learn making decision by Data Intelligence. Smarter not Dumb.

Same as: - If you don't find a way to make money while you live, you will work hard until you die. -> Find a place Buy A Home and Live. Just Live and Money self-generated while you Live. Even Become Millionaire. This year 2020, in North York, North of City of Toronto, a person, moved from other place, that Make 120,000$ by selling his Home, not doing business, not doing anything, just live in place North York for 1 year. Take 12 years working hard to Have such money. In other places, working hard for whole life, never have 100,000$. -> Most people choose to Invest in Real Estate is that they focus on Rental Income, Cash Flow. -> Wrong. Less Knowledge. Smart Investor Focus on Location #1 -> Point to Toronto, the Return On Investment ROI of Home Price. If you live and owned home in Toronto for at least 20y, you will understand, see real data. -> Semi-Detached for Investment, returns more profit than new home, detached home. Because less property tax, less mortgage, less maintenance, cost less. You need to calculate Ave Location Return, ALR for the last 20 years in order to make decision for Real Estate Investment. -> On Average Location Return last 20 years, City of Toronto  = 65K -> 75k / year

In previous Blog few months ago, we tell a Story, a person in North York, North of the City of Toronto (we know personally), bough a Semi Detached Home just one year ago in 2019, then sold that Semi Home in 2020, less than 1 week for 120,000$ profit. The return Profit = 120,000$ is consistent with the return of Data this year. He spent 200,000$ Deposit buy this home  -> Live in this Home 1 year -> Now sold this home, made Profit = 120,000$, not including Deposit. Then the new Home Owner moved in this home. He said he borrowed the Bank 800,000$ mortgage -> Pay around 3500$ / month current Interest Rate = 0.25%, Mortgage Rate as low as 1.7%. 20 y ago, Mortgage Rate like 6% - 7.0%. That's why Home Price 20y ago so cheap, because of high Interest Rate. Not many people wanted Home. Property Tax = 300$ / mo, Utility = 200$/ mo, Home Insurance around 70$ / month -> He rent out his 2nd Floor = 1800$ / month. His Family lives in 1st floor with 3 bed-room, 1 bath room = 1700$ / month. This is cheap. In Toronto, 3 bed-room usually 2500$/ month for RENT. Moreover, every year, Toronto Home returns ROI (Return On Investment) 65K -> 75K, equal to salary of 150,000$ profit for him. Now, you can see Buy Home is more profit than RENT home. RENT home he lost 2500$ /month = 30,000$ / year for nothing.
Home in Toronto or Canada usually have 1st Floor, and 2nd Floor with separate exit entrance. The 2nd Floor includes: Living Room, Bath Room, Kitchen, Bed Room like 1st Floor.

Conclusion: Cost to Buy Home in Toronto, and a plan Become Millionaire. The Game of big man. Rather rent a 3 bed rooms condos, apartment, cost 2500$ / month. You borrow a mortgage loan 800,000$ buy home in City of Toronto, Mortgage Amortization = 25 years. 5 years Fixed cost Mortgage Rate 2%, loan = 3500$ / moth. The Deposit = Price of Home - 800,000$. After Rent out the 2nd Floor 1800$ / month.  Your Total Cost = 3500$ / mo (mortgage Loan) - 1800$ / mo (Rent Income) + Property Tax = 300$ / mo + Home Insurance 65$ / mo + Utility = 199$ / mo. This is fixed cost must pay every month. No worry Home Maintenance like toilet broken, maybe a year, or Roofing maybe 10 years. Your Total Cost = 2500$ / mo =  Rent of a 3- bed room Apartment. A little more or less. But give you and idea. => But you Have A Home with Return On Investment ROI  = 65k -> 75K =  Salary of 150,000$ / year reward for Buy Home. Buy Home in City of Toronto get paid 150K salary. => After 20 years you have Home, and become Millionaire. => The Toronto Home Price after 10 years will be double from 1 Million Dollars ->  2 million dollars. Up just By Inflation alone, money, car lost value, only Home, Gold increase value. Specially during COVID-19, Governments around the World  pumps in Market a lot of Money. Like a Burger, you can not stop a Burger 10 years ago 2 $ dollars and 10 years  later same price 2 $. The Price must go up by Inflation. (Update Feb 6, 2021) Buy Home in Toronto is your Millionaire Plan. But depend on the Bank. In US the same. Can a Professor with salary $105,000, have Deposit = 200,000$ get approved? If so, how much a Home is he allowed to buy by the Bank?  Before Buy Home, your worth  -> How much is your salary? Calculation:  The Bank requests some Data: 1) Salary = 105,000$ 2) Location = Ontario, Toronto 3) Have Deposit: 200,000$ (good Deposit) 4) Monthly Expensive: 600$. Keep minimum. Your groceries, food, restaurant, drink 12$ / day = 360$ / mo already. Not include: car insurance 199$ / mo, life insurance, shopping, child care, transportation... 5) Monthly Loan: 500$ (keep minimum) => He can only to borrow: 675,000$ for 5 years Fixed Rate 2% - Monthly Payment = 2088$  / mo. NOTE: Monthly Expensive (4): such as groceries, transportation, child care, life insurance, car insurance (199$ /mo), shopping . Not including: Rent or Housing Expensive. Monthly Loan Including (5) : Car Loan, Student Loan, Credit Card Loan Payment. For example: You have Credit Card borrow 10,000$. Your monthly payment = 300$ / mo. That counts 300$ loan. Deposit: Small like 100,000$ need Mortgage Loan Insurance. At least 20% Deposit no Mortgage Loan Insurance. Home over A Million Dollars Home  need Deposit at least 20% -> The Professor is approved for a Home Price: 595,000$, Monthly Payment 5 years Fixed 2% = 2230$ / m But in Toronto Ave Home Price = A Million Dollars Home -> So He moved out to Suburban, GTA, Small Town, Ottawa, Montreal... Even Professor, salary 105,000$ can't Buy Home in Toronto even have Deposit = 200,000$. He can only afford Condos in the City of Toronto.   - National Bank: Housing Affordability in City of Toronto -> Ave A Million Dollars Home = $1,039,438 needs $178,499 Income. Take 24 years Saving for 20% Deposit for Home (Non-Condos). At 28 years old begin Saving -> at 52 years old can begin Buy Home. Not yet own Home, another 25 years = 77 years old -> Still better than RENT. And 5 years Saving for Deposit at least 20% for Condos. NOTE: You can put more than 10% of Net Income saving for Home Deposit. Like 20% -> Reduce to 12 years Saving for Deposit. For example; Start planning Millionaire early ->  All in or Nothing. OK. (Up Feb 28, 2021) A couple at 28 years old each salary = 80,000$, each saving 10% of salary -> After 12 years saving can Buy Home at 40 years old with high Deposit at least 20% (not 5%, 10%) . One needs 24 years (National Bank). But two as couple needs 12 years saving.  After 20 years, Own Home at 60 years old. And also Home Price up Appreciation. Retire early Millionaire at 60. Both are high paid career. => A lot in Toronto. NOTE: 20 years ago, a Professor didn't need 24 years saving because Home so cheap Ave = 217,000$ not 1-millions dollars Home, and high salary 100,000$. 20 years ago, a Factory Couple could Buy Home in Toronto. Today, a high paid Professionals Couple can Buy Home. => Time changed because society advanced so fast, industrialized, developed. We can't stop the growth. Go backward. Therefore, there are people left behind, unavoidable. In any big city, any country, not just Canada, when society advances next level. Can't stop the growth, the change. -> People advance next level, desire for high living standard, nice cloths, beauty, looking good, travel, car, home -> Citizen Rich. Country Strong. The gap between Rich & Poor wider. Rich Plays with Rich -> Became Richer. Poor Plays with Rich -> Became Rich. Poor Plays with Poor -> Became Poorer -> Poor continues next Children next Generation. Can't escape poverty. The Reality. Can't complain society but yourselves not advance, mind set poor. Society continues advance. Can't go backward. Can't complain why Home Price high. MacDonald can't go back 2$ of 20 years ago. -> Use DATA. People poor because do not use Data.   Our Calculation Salary: 180,000$. See what you get? -> Request Data: 1) Location: Toronto 2)  Monthly Expensive: 1000$ 3) Monthly Loan: 500$ 4) Deposit: 200,000$ (20%) OK Deposit. No extra cost Mortgage Insurance. You get approved: Home: 1 millions dollars ($1,000,000) 5 years Fixed Mortgage: 2.0%, 25 years Monthly Payment: 3500$ / mo. Housing Cost (Property Tax, Utility, Heat,  Maintenance, Home Insurance.): 850$ / mo Total Operation Cost: 3500+ 850$ = $4300 Rental Income: 2500$ / month. Whole House: 5000$ / mo. Profit: $700 / mo After 20 years -> Millionaire. (Need 20 years) -> Game of Elite Toronto. Deposit 5% -> 40 years debt -> Million Debt. -> Difference: $3500 x 12 m x 15 y = $630,000. Difference between Deposit 20% and 5% is pay extra 15 y: $630,000. Take longer 15 y pay off Home + More Interest Payment. -> Why not Buy Home with 5% Deposit. Click here. Now Can't buy 1-millions Home with 5% and require high salary at least $200,000 Very close to calculation of National Bank. A person complains: " Why I have been working hard for 10 years. Nothing. But that person has been working 20 years. Become Millionaire ? " Home. No Home = No Thing. Best advice. You don't need work hard. You need Home. Another person says: " I am excited. I want to buy a few homes. All in or Nothing. Listen to mouth data non sense, not professional, not train, no LinkedIn, no degree. Bad. We need professional Data Scientist who can make sense Data. Thank you for 64K advice." Answer: " You are Elite Toronto. Good luck. "  Our Calculation is a little bit difference with National Bank of Canada because we use very small minimum Monthly Expensive only 600$, and small minimum Monthly Personal Loan only 500$. In reality, should be higher. Thus he can borrow less and salary required increase. So when buy home, don't buy car, pay off other debt, loan, reduce monthly Living Expensive. After buy home, you can buy car. Salary needed to afford a home in Canada from National Bank Latest 2021 In Toronto, to afford for Condos you need Salary 124,335$, for House you need Salary or Income = 178,499$. If you save 10% of your Income or Salary (but what Salary or Income. How big? -> They refer Salary or Income 124,355$ for Condos, and 178,499$ for Home), for Condos take 5 years, for Home take 24 years in order to afford the Deposit 20%. Which means if you don't have such salary of income, the Lenders, the Banks will not let you borrow money. https://www.msn.com/en-ca/money/video/this-is-how-much-money-you-need-to-make-to-afford-a-house-in-different-canadian-cities/vi-BB1doOO3?pfr=1 The Report from National Bank came out few month ago. But just recent months, Housing Market in Toronto jumps same as Vancouver. Even higher. Update Feb 10, 2021. A person said: You make me feel bad. My girl friend said I lied to her, because my job tells her I can't afford a Home in City of Toronto. Even Professor Salary 100K, Deposit 200K  can't afford. I told her I have a Home in City of Toronto. But actually I Rent. Answer: In Toronto, Home became a hot issue for people. Have Home in Toronto after 20 year, you Become A Millionaire on top 5% of 37.8m Canada Adult population, on Top 2.5% in Toronto, of 9.6m Toronto & GTA population. She thinks you are very good, self started, self made Millionaire Top 5% Adult Canadian population, Top 2.5% Toronto population. There is no thing wrong, even better, if some one love Money. See value of Money. Work hard for Money => No steal, no corruption Money. She loves you the ability, the intelligence working hard to make such money, saving Money. I have deep respect for her. She is a smart girl. There are kinds of people matched with kinds of people. Some high Dream. Some low Dream. Some no Dream. Hope you will find the one fits for you. No worry. Good luck. Have a Home in Toronto is more than driving a 350K Lamborghini car, but useless, because car loss value, and not generate profit 65K- 75K / year like Home in Toronto. Home increases value, car = 0 after few years. My advice is to improve your career to make more money. A Desire for Rich (Love your country.) is good. Which helps you work harder, try harder, produce more Products & Services. Have more Money -> Become rich powerful Consumer Spending 65% of GDP and Economy, more than Gov Spending + Export + Business Investment & Spending combined = 35% . Formula Calculate GDP = C + G + I + NX (where C = Consumer Spending, G = Government Spending, I = Investment, NX = Net Import & Export). COVID-19 affects GDP big. That's why, in any country, Citizen Rich -> Country Strong (Economically. A lot of meaning), become Developed not Developing -> All depends on the Citizen has desire for Rich to build the Country Strong. Rich means have money to buy things. It is not feeling rich, then you rich. In war we need strong Military. In peace we need strong Economy. You have to live in developed country and as Scientist in order to understand the system running. In the developed country like Japan, Canada, US, German, UK, G7 depend on Consumer Spending trillions of dollars to create 60% -> 65% of GDP, in US 70% of GDP. (The Wealth Effect Theory by Author) -> 300K Lamborghini NOTE: Consumer Spending is the citizens of a country. Every day, millions of them as customers spend money to buy Products & Services from businesses big, small of the country. Such as, buy Home, car, pay bills, eat local restaurant, travel... They are the customers help businesses survival, create jobs, pay taxes. If Consumers or customers are weak spending, not much money, very hard to grow GDP and Economy. Big expensive items like Real Estate, Car need rich Consumers Spending. Consumer Spending is counted as GDP of a country. To measure Consumer Spending: Use GDP per Capital. As Scientist we speak Data, the truth. Data help improve better. Good problems solving. We don't bad mouth anyone. We help people. Love you.

A Millionaire after working hard 9am-5pm every day for 20y, Buy Home in Toronto 20 years ago when so cheap. To Become Millionaire = Save 65,000$ -> 75,000$  every years for 20 years. Which means you must have Income or Salary 150,000$. After Income Tax, Living Expensive -> You Save 65,000$ -> 75,000$ (high Income, high Tax) You need to calculate Ave Location Return, ALR for the last 20 years in order to make decision for Real Estate Investment. -> On Average Location Return last 20 years, City Toronto  = 65K -> 75k / y Property Tax is the main source of revenue for the City, any City in the world. Specially in COVID-19 time, all revenue down, like Transportation, Subways, Buses.., but Property Tax increased. How can you know a City's  Home Price is high? Use Ave Home Price You hear people said by mouth " This City, that City Home very high price. But how high?" They hear local people said, he said, she said. Or they pick up some local area in the City, with high Home Price, like Downtown Toronto, then use it as Home Price for a whole City.  ... In true, fair for all, for comparison, Real Estate Industry used Average Home Price, like Toronto. Average Home Price came from calculated for Property had been sold for that month only. That is why Ave Home Price changed every month. A Home is true price when it has been sold. Not he said, she said. Use Ave Home Price is calculated the same formula, we can compare in fairness, accuracy, Toronto to Hong Kong,  Toronto to Vancouver, to Ottawa Why We Need Money? When I lived with my parent, I did not see Money important. Then I started life =0, alone, in big city, working in factory, I began see the value of earning a pay cheque, earning money so difficult. - We need money for: Education, Clothes, Beauty, Health, Drink, Restaurant.. - We need money for Start-up a business. - We need money for children. The children see their friend had  things, good schools, but they don't have, very sad. - We need money for helping parent, relatives, friends, charity.. People said: " Give, you will get back." - But no money, how can you give? - We need money for Travel - We need money for Food, groceries, restaurant... - We need money for Insurance - We need money for Car, Condos, Home. Money for almost every thing. GDP per Capital of Developed countries, G7. Became developed country need GDP per Capital like Developed country: US: 65,000$ USD Japan: 40,000 USD Canada: 46,000 USD German: 46,000 $USD UK: 42,000$ USD France: 40,000$ USD Italia: 33,000$ USD -------- India GDP = 2.9 Trillion dollars but GDP per Capital = 2100$ USD. ----- Consumer Spending tells us about the rich, the prosperity, the power of BUY as customer of citizen. In developed countries, Consumer Spending about 60% -> 65% of GDP. Citizen Rich -> Country Strong. From GDP equation: 1) Countries that less or week Consumer Spending rely on Export boost GDP. While developed countries rely on more Consumer Spending to increase GDP. 2) Government Spending (Fiscal Policy) good for GDP because not only it is a contribution on GDP, but also helps Consumer Spending. Double Effects. 3) Monetary Policy Interest Rate (powerful tool of the Fed) helps boost Consumer Spending big. Low Interest Rate helps boost Stock Market, Housing Market ... 4) Increase minimum wage helps big Consumer Spending, improve Income. Bottom Up Economics. China did that, big increase GDP. 5) A lot of measures but can't explain here.

How much Profit if Buy Home in Toronto Home Market? Don't love cheap. You gain nothing. Even lost.
=> A Scientist Professor explains: " Need Data. You need to look at the history Data of Toronto, and calculate the profit. If you have owned Home in Toronto, you know already the Profit after 20 y. If you are not in Toronto, and not own Home, you will not see. You need to know how to Collect Data and do Research. Thus Buy Home in Toronto, every year he profits = 65K->75K because Home Price goes up in the past 20 years from AVE = 217,000$ -> AVE = A Million Dollars = 5x double. Applied to Detached Home = 1.5m, Semi Detached = 1.2 m, even more. If he RENT, every year, he lost 30,000$ for RENT. In 20y, he lost 600,000$. And RENT keeps increased. Toronto Home Market is expensive compared to other cities 2x more expensive. A semi detached in City of Toronto can buy 2x Detached Home in Ottawa. But it is worth it.

=> Invest 150,000$ -> 200,000$ Buy Home in Toronto, you will get a return from 65,000$ -> 75,000$ every year for 20 years continuously = Equal to The ROI (Return On Investment) of 150,000$ salary every year for 20 years. It is not paper, it is Home, less risky. Peace of mind.

Because Buy Home in Toronto, after 20 years, he became Millionaires, not lost 600,000$ for RENT for Nothing.
The main reason he gains and became Millionaire, not because of the Income RENTING. But from the Increase of Home Price. A lot people think Buy Home rely, need on RENT Income for Profit. Wrong! Rent Income helps covers expensive, but not big Profit. That's why invest in property, you need to choose the best Location is #1. With 200K, you buy big cheap Home in Montreal, or other places, will not give you the big return like Toronto. This year, Toronto Home Price returns 100,000$. Rent Income returns 21,600$, but minus for you Home Expensive = Nothing. "


Buy Home in Canada, US now became more affordable than before because of record low Interest Rate 0.25%
To Buy A Million Dollars Home ($1,000,000) in Toronto, you Deposit 20% = $200,000. A Canadian BIG Bank offers Mortgage Loan 800,000$, Mortgage Rate about: 2.2% 5 year Fixed Rate (Fixed Rate 2.2%, lock in, more expensive than Variable Rate, fluctuate, changed by market, around 1.7%), Amortization = 25 years, You pay for Total Interest Cost = 241,941$. You can always reduce Interest Payment by big Deposit at least 20%. Monthly Mortgage = $3473,15 = Every month you have to pay for the Bank, like pay RENT, not include: Property Tax (Semi around = 249$ / mo, Detached = 499$ / month - Variable but give you some ideas), Utility 200$ (variable), Home Insurance  = 65$ /month offered by the Bank. After 25 years, you pay off the loan. 20y ago, Mortgage Rate = 6% - 7% -> Borrow $800,000 will cost around $10,000 / month. But Ave Home Price cheap = 217,000$. After Deposit, you have Mortgage = 150,000$ -> 200,000$. 4x times Small Mortgage.

A Big Canadian Bank: Bank of Montreal said that " Canadian House Prices Now 46% Higher Than U.S."
https://www.msn.com/en-ca/money/topstories/bmo-uncovers-simple-reason-canadian-house-prices-now-46percent-higher-than-us/ar-BB1d4v0b?ocid=mailsignout&pfr=1

Salary needed to afford a home in US American Latest 2021
https://www.msn.com/en-ca/money/finance-real-estate/how-much-of-your-salary-youll-need-to-spend-to-afford-a-house-across-america/ss-BB1atupM?ocid=mailsignout#image=51

 

Update December, 2020

A middle class Toronto said: " Using Data and your backgrounds as Scientist, you make sense Toronto Home good. I can see Home value. You make me want to buy more Homes in Toronto. Thank You for advice.
Answer:: " It is not How Much you MAKE. But How Much you HAVE that counts". For example, you MAKE 50,000$ / year. But after pay for Tax, Rent, Phone, Restaurant, Drink, Living Expensive, Travel...you HAVE 6000$ (more or less as an example) RETURN that counts. You HAVE 6000$ NOT 50,000$. Invest in Toronto Home Market returns on investment (ROI) that I have proved every year 65K -> 75K, equal to ROI of salary 150,000$ / year. This year 2020 returns ROI 116,000$. Only 10% of people in the world have salary 80K. A Home in the City of Toronto ROI (Return On Investment) equal to 150,000$ double salary of 80,000$. Lucky you live in the City of Toronto. However, you need at least 200,000$ for Deposit, and good job salary 100,000$ / year, a salary of Professor. Choose LOCATION is #1. In Canada best LOCATION is: 1) Toronto 2) Vancouver. Next year 2021, and may years to come, 401,000 Immigrants come to Canada, most of them settle in Toronto. Rich Immigrants Buy home. Poor Immigrants Rent home. Both Buy or Rent is pushing Demand for Housing. That is special characteristic of Toronto that other Cities don't have. As Scientist we see thing that common people don't see or don't understand, because they don't know how to research Data, collect Data, don't care, don't use the DATA or NUMBER."

- It is not BIG home, SMALL home, TYPE of home, it is LOCATION, WHERE you live. A Semi-Detached Home in City of Toronto is 110,000$ more expensive than Detached Home in suburban GTA (Data). - Home Ownership: very important. Usually people Buy Home low Deposit less than 30% on mortgage at least 30 years, some people 35y, 40y... You bought home 15 y ago or since 2006, you only 1/2 road. Still Bank's Home. If your mortgage 4000$ / month -> You in mortgage debt 4000$ x 12 m x 15 y =  720,000$ in Mortgage Debt. Buy Home, need Deposit at least 20% to SAVE hundreds of thousands dollars of Interest Payment, shorten a lot years of Mortgage. People Buy Home think they own Home, even Deposit only 10% and Buy Home only 15 years since 2006. Big mortgage. Exaggerate.  They have mortgage for 30year, 35years to pay mortgage for Home. If you buy home 15 years ago, since 2005, it is still Bank's Home. You are only 1/2 road. (Update Jan 2021)

- This 'older millennial' around 40s has Salary of Professor 105,000$. Can't Buy Home in Toronto. WHY? - Buy Home in Toronto, need salary 120,000$  for monthly mortgage + 20% deposit 250,000$ -> YOU RENT - Even if you have money for Deposit 250,000$. But do you have the salary 130,000$ to pay month mortgage ? -> YOU RENT - 20 year ago Ave price 217,000$ small mortgage, small salary, a factory couple 5.50$ / hour could afford. Now A Million Dollar, big mortgage, big salary at least 120,000$  -> YOU RENT. To Buy Home, need Salary + Deposit. Income or Salary proves to afford monthly payment. => Who can Buy Home and Can't not Buy Home in Toronto? Few cases. 1) - Professor salary 100,000$ alone can't afford Home in Toronto like this older millennial 2) - Need A couple middle income like both Engineer, or Teacher salary 60,000$ each. OK. But do they have Deposit? - Borrow relatives or parent millionaire for investment. OK. -> A lot in Toronto. 3) - Need at least 4 x Income or Salary of minimum wage is OK. 20 year ago, small mortgage Ave = 217,000$ needed income of a couple working in factory 5$ / hr. OK. Today, Buy Home in Toronto Ave = A Million dollars, 4 x times bigger. Buy Home Toronto, needs a whole family: Parent, Children, Relatives ...combined salary Buy Home and working for home, pay Mortgage. This case a lot in Toronto. - Today, Have 250,000$, need Salary of Professor 50$/ hr = 100,000$ / year, work hard for 12 years. All about Data. See Become A Millionaire - Click here. We Scientists TALK DATA. Salary needed to Buy Home from CNBC: https://www.cnbc.com/2019/06/11/salary-needed-to-buy-a-home-in-major-us-cities.html - See Salary of Professor 20y ago 50$ / hr, 100,000$ / y. See his [ Cheque ] - In US, can Buy Home with 5%. A big Debt. A Home 400,000$, Deposit 5%= 20,000$. Carry A Big Debt 35 y.  (Update Jan 2021)

Home Market in Toronto, and 5 biggest Cities, Montreal, Ottawa, Vancouver already released in December 2020
Average Home Price in City of Toronto for Nov, 2020, year-to-date:1,000,125$ up 116,853$ last year 883,272$.
- In GTA year-to-date :929,433$ up 111,159$ compare to last year Nov 2019.
- Home Sales up in record 4 months in a row, this Nov month   = 24.3% compare to last year Nov 2019.
- In Vancouver is: 1,044,000$ up 5.8% - Home Sales up  = 22.7% compare to last year Nov 2019.

NOTE: Toronto Home Price changed every month. Every month, there are 2 prices: 1) Monthly Price compare to last year. Take a year to see difference Price, not like stock Price changed in second. 2) Year-to-Date Price, average of months. But year-to-date is the up-to-date, latest Price of Toronto Home at that time. For example, in Jan -> August, Price changed every month. In August there are was 2 prices: 1) Monthly 1,030,506$, and 2) Year-To-Date 1,020,506$ = Average of Jan + Feb + March + ... Aug month. So year-to-date Price more accuracy, reflects latest Ave Home Price at the time month August. The difference between "monthly Price" and "year-to-date Price" is not much difference giving A Million Dollar Price. Year-to-Date End of this year 2020 returns 116,853$ -> This year 2020, it returns 116,853$ big money, higher compare to last year Ave Home Price year-to-date =  883,272$, more than 50,000$ the average return = 65K -> 75 K every year. The difference Price between Vancouver and Toronto is very small, insignificant giving it is a million dollars.
Toronto, GTA, Vancouver are biggest Home Market, most highest Price in Canada.
NOTE: Salary 50,000$ / year =  2 x Income of minimum wage 14$/hr, you need to work hard 15 years to have 100,000$. In Toronto, there are people work 10 years still in debt, after Tax, Living Expensive, nothing left, harder to make end meets, just like any city in the world, specially in time of COVID-19. It is not BIG home or SMALL home, or TYPE of home, it is LOCATION, WHERE you live. Even Semi-Detached Home in City of Toronto is 110,000$ more expensive than Detached Home in suburban GTA (Data). A person just bought a Semi Detached Home in City of Toronto last year, he just sold his house in 1 week, made 120,000$ in one year, same as the increase of Toronto Home Price. -> Says, a person who lives in Toronto for 30 years.

In the world, millionaires population are created by Home, 90% their asset in Home. Top 10 Ave Home Price in the world In the time of COVID-19:
1) Canada has 2 Cities Vancouver #4, Toronto rank #4. Toronto Big City of Canada, 10x bigger than Vancouver, Center of Financial Hub, Manufacture Hub, Big Banks, Stock Market, Gov Agencies, Head Office of big corporations. Then 2) China's Shanghais #3, Beijing #9. 3) Then US's Los Angeles #6, New York #7

Important News in December, 2020:
In General: The usual reasons for Toronto Home Market and Canada Home Market is very hot in Home Sales and Home Price:
1) Record Low Interest Rate. Thus Low Mortgage Rate. Bank of Canada keeps Interest record low 0.25% until 2023. 2) Low Supply. Low Inventory. 3) Pent up Demand from the 1st Wave Lock Down in March, April, May.
4) Canada Gov's COVID-19 Benefit 346 Billions dollars help 37.8 million population of Canadian Family and Businesses get thru the pandemics. Thus boosting Consumer Spending to highest level.
5) Job Market in the Time of COVID-19, is very good for people medium and high income. These people see no effect by COVID-19.  While People low income, low wage lost the most jobs.
6) Canada anticipates receiving 401,000 new Immigrants next year 2022. This boosts the Demand for Housing Market when hundred of thousand new comers come to Toronto looking for shelter.
7) Pockets of listings have also cropped up from sellers facing down lingering unemployment from the COVID-19 pandemic, as the period for deferring mortgages draws to a close. More people are Listing to sell their Home because of financial, unemployment, in COVID-19 time, carry big mortgage, as the period for deferring mortgages near close.

Semi Detached in City of Toronto Home Sales ups compare to last year by percent %. But Detached Home by number is still most demand.
- We have seen people bought semi detached Home in City of Toronto last year, just sold semi detached home in few days, 1 week, profit = 120,000$ in 1 year. So fast. The same semi detached home, last year took the previous home owner to sell their home in 2 months. But Detached Home is still most demand, out number selling than Semi.
People are looking for Home:
1) A Million Dollars Home. Like driving 250,000$ Mercedes car.
For example, Detached Home in Vancouver, and Detached & Semi Detached Home in the City of Toronto is A Million Dollars Home. A Detached Home in GTA always less than a Semi Detached Home in City of Toronto at least 100,000$. Even this month GTA Detached Home up 170,000$, the most jump so far this year. But still less than Semi-Detached in City of Toronto = 110,000$. Follow Data.
2) Affordable less expensive than Detached Home, cheaper Detached Home's Property Tax double, good for Rental, Property Investment.
3) Not crowded space sharing like Town Homes including 20, 30 homes attached in row, in a Community of many rows of hundreds of Homes, or Condos.
4) You can always upgrade from Semi to Detached any time, very easy. Because you already have Home with capital. We have seen people upgrade from 1 x Detached Home 1.5 million to 2 x Semi Detached Home = 2.6 million (1.3m x 2) pay same Property Tax for 2 x Semi = 1 x Detached Home. Save a lot of money + increase asset of Home from 1.56m to 2.6 million. 1 x Semi Home to live and 1 x Semi Home to Rent.
20y ago when Home so cheap, people with high income choose to have 1 x Detached Home and 1 x Semi Detached Home. We tell you a Story of a couple working in factory, 5.5$ / hr each, both = 11$ / hr, took them 15 years to save 25,000$ to buy a semi detached home in 1998. While a Professor, 50$ /hr, 100,000$ / year worked 3 months have 25,000$. So easy 20y ago when Ave Home so cheap = 217,000$ not A Million Dollar Home that you could Buy A Home with 25,000$. No Stress Test salary like today, because small loan mortgage. Today needs 250,000$ for 20% Deposit + Salary 120,000$. Stress Test from Bank required to make sure you have money to pay mortgage monthly. It does not discriminate low income. But it makes sure you have money, good salary to pay for high mortgage monthly. That's why 105,000$ is Salary of Professor still not enough.

In December 2020, Ave Home Price of Toronto for month November 2020.

5 biggest Canadian City's Data released in December, 2020 for Home Data November, 2020.

Home Sales up on record on November month across Canada, not just Toronto, GTA, Vancouver.
In the world, millionaires population are created by Home, 90% their asset in Home. Top 10 Ave Home Price in the world In the time of COVID-19:
1) Canada has 2 Cities Vancouver #4, Toronto rank #4. Then 2) China's Shanghais #3, Beijing #9. 3) Then US's Los Angeles #6 New York #7

5 biggest Canadian City	Data for November, 2020 Average	Last month Oct, 2020	Last Year, Nov 2019
Vancouver. 800,000 population, Tourism, Film Industry. Province BC. -> Rank #4 Ave Home Price in the world 1) Hong Kong 2) Singapore 3) Shanghais 4) Vancouver & Toronto 5) Shenzhen 6) Los Angeles 7) New York  8) London  9) Beijing 10) Paris -> by CNBC -These Cities' Price down in COVID-19. But not Toronto up significantly.	- Ave Home $1,044,000 - Price Up: 44,000$ - Home Sales up: 22.7%. Comp Last year Nov, 2019. Ave Home Price Vancouver Not change, compared Sept, 2019. While Toronto Up 20% = $196,000 in Aug, 2020 - Ave Detached Home = $$1,538,900 Price up 9.5%, Home Sales up: 27.8% Comp Last year Nov, 2019 - Townhouse  $814,800 Price +5.6%- Sales:+40.1% - Condo  $676,500 Price +3.4% Sales:+12.2%	Ave =  $1,045,100 Detach = $1,523,800 Townhouse  $813,000 Condo  $683,500	- Ave Home = $1,000,200 - Ave Detached Home = $1,415,400 - Ave Townhouse  $772,800 - Ave Condo  $651,500
Montreal. City of Province Quebec 2nd biggest City Canada after Toronto 1.75 millions population, Montreal University, McGill University.	Ave Home Price $423,400 Price up 17.5% Detached = $435,000 up 0.6% Y/Y Condos (Apt) = $316,000 down 2%	Last month Oct, 2020 Ave Home  = $418,000 Detach = $430,030 Condos = $323,500	Ave Price = $360,300 Detached = $350,500 Condos (Apt) = $290,000
Ottawa 1,000,000 population or 1m, Capital Canada. - Ottawa Capital is civilized, quiet, good place to live, less crowded, less all kinds of people like Toronto, mostly white color Employees working for Government Offices.  - Affordable Home and Rental. A Semi Detached Home in Toronto can buy 2 x Detached Ottawa	- Ave Home Price = $542,721 Price up 20% - Home Sales up 25% Comp Last year Nov, 2019 - Ave Detached Home = $602,892 Price up 20% Sales up: 26% - Ave Condo $361,758 Price up 15%, Sales up: 22%	Last month Oct, 2020 Ave Home =  $550,734 Detached = $603,253 Ave Condo = $368,936	This Detached Home in Ottawa 4 bed-rooms 529,500$ -> Click see bigger photo
City Calgary. Province Alberta 1.26 millions population, Canada Center Oil Producers.	Compared to last year Nov, 2019. Ave Home = $423,600 Price up 1.6% - Home Sales up 24.5% Detached = $492,800 up 2.9% Y/Y Semi = $395,100 down 1.3% Y/Y Town Home = $282,200 down 0.5% Condos (Apt) = $245,400 down 1.1%	Last Oct 2020, Ave Home = $422,600 Detach = $489,800 Semi = $394,700 Town =$274,400 Condos = $248,600
Kitchener- Waterloo 234,000 population, Hi-tech, Start-up, Canada Silicon Valley, Waterloo Univ, Head Office of Black Berry, Nortel, Head Office of Google Canada ...	Compared to last year Nov, 2019. - Ave Home $637,366  Price up 13% - Sales up: 28%. Detached = $753,641 Price up 14.4% Sales +28.6% Semi = $562,989 Price up 30.4% Sales +5.2% Town Home = $482,901 Price +8.6% Sales +53.4% Condo = $400,822 Price up 12% Sales +60.7%	Last month Oct 2020, Ave = $635,301  - Detached = $742,596 - Semi = $539,434 - Town  = $499,641 - Condo = $395,627	Province's Ave Home Price Quebec =  $340,200 Newfoundland & Labrador =   $281,900 Saskatchewan = $283,371 Winnipeg = $286,500 Halifax = $393,461 Alberta = $405,500

We will continue updating ...

November, 2020 

A Scientist says (Update Nov 11, 2020) " - Back to in the early days of COVID-19 pandemic in March, April, I said COVID-19 is Air transmission, airborne, can spread thru air, linger in the air. Thus talking loudly, singing, laughing, coughing could spread the virus COVID-19. Need good ventilation room. At that time, people, doctors did not believe COVID-19 air borne, air transmission. Even WHO's Doctor just accepted this theory in July 10, 2020. See I update the Date in my Blog about COVID-19. In early days, people believed that COVID-19 only spreading thru big droplets, not thru micro droplets, tiny particles, not thru air. Thus Social Distancing good enough. No need Mask, not effective, counter productive, even caused dangerous, because misused of mask, from top Doctors. Minister of Health in Quebec was joking mask, mockery wearing mask. -> See my post on COVD-19. People in Canada and in US did not take Mask seriously. People including Doctor said that Mask protect others only. But I said Mask protect both you and others.
I may be the first one early days of pandemic, wrote in Blog March & April 2020 during 1srt wave, said that: " The reason American got infected COVID-19, wide spread infection, because of Behaviour, not wearing Mask, not taking mask seriously, in a fight against COVID-19 between Life and Death " - Now looking back, it is true. Mask is the most important defence against COVID-19.
=> Now I recall memory about Mask, because the 2nd Wave of COVID-19 is coming in the dark winter just beginning. In the History of Pandemics, the 2nd Wave is the worst, much worst more than 1st Wave, before Pandemics gone. Be careful this darkest Winter coming. We already see in Canada, US, and Europe, COVID-19 cases spike double compared to 1st wave. The winter still doesn't come yet.
=> The Prime Minister of Canada is just calling urgently all Provinces, Cities must do what ever it takes, with total support from Federal, to stop the spread COVID-19 currently spike on record double.
=> All is about save life. Read my Blog about COVID-19 in April, May. Click here. Including my update the important Date that Mask became important, recognized."

Home Market in Toronto, and 5 biggest Cities, Montreal, Ottawa, Vancouver already released in November 2020
Average Home Price in City of Toronto for October, 2020 is: 1,025,925$ - In GTA is: 968,318$
- Home Sales up in record 4 months in a row, this Oct month also in record in all Oct months = 25.1%
- In Vancouver is: 1,045,100$ - Home Sales up in record second-best in all Oct months = 29%

NOTE: In 2019, Vancouver rank #4 Average Home Price in the World. In 2020, in the time of COVID-19, most top 10 big City's Home Price dropped property price significantly.
Vancouver doesn't drop price, but its property price stands still. Currently Vancouver's Home Price rank #3 in the World. Only Toronto Home Price increased significantly. Now price same as Vancouver.

In the world, millionaires population are created by Home, 90% their asset in Home. Top 10 Ave Home Price in the world In the time of COVID-19:
1) Canada has 2 Cities Vancouver #4, Toronto rank #4. Then 2) China's Shanghais #3, Beijing #9. 3) Then US's Los Angeles #6, New York #7

A Scientist Professor, who teaches Data & Computer Science says: " Data & Computer Scientist Scientists collect Data, Analyze Data, we don't use "mouth Data" straight from mouth, such as, he said, she said, they said. A person He said: 'my Home, my area, my neighbours on my street is 2 millions dollars. Why you used only Ave 1.5 millions?' . As Data & Computer Scientist, we don't pick up some streets, some neighbour's , some expensive areas like Downtown of City, where Home Price of Property very high. We don't use data of my home, my neighbour's home, my street home price. The only Ave Home Price that is used to measure correctly, scientifically, honesty, in fairness for all Cities, all Properties in a City is Average Home Price.
For example, when measure Home Price in Hong Kong and Toronto, or, in Toronto with Vancouver or with GTA, we don't pick-up multi million dollars Home in Downtown, in some expensive areas, but we use Average Home Price spreading a whole City, in fairness. Now we can measure in fairness scientifically Home Price of Toronto compared with Vancouver, with New York, with Hong Kong ...
For example, we can say a City is Rich by a looking at a whole City's population is rich, and their 90% asset is Home. Not in some rich areas, not population of millionaires, billionaires in that City.
For example, Compare 100 properties in many areas, we take the Average of 100 properties. While you choose to take the Average of the top 10 expensive properties in an expensive area of your 100 properties. Not play fair. Between Vancouver and Toronto, Ave Home Price not much difference. But Toronto 9.6m population, its City of Toronto where is Center of Financial Hub, Financial Institutions, Stock Market TSX, Manufacture Hub, Big Head Offices of Banks, Gov Agencies."
A lot of people say: " You use Official Data, Data from big corporation, trusted resources, not mouth Data, he said, she said. No Biases, Fairness, Honesty is #1."

In November 2020, Ave Home Price of Toronto for month October 2020. See above.

5 biggest Canadian City's Data released in November, 2020 for Home Data October, 2020.

Home Sales up on record October month across Canada, not just Toronto, GTA, Vancouver.
In the world, millionaires population are created by Home, 90% their asset in Home. Top 10 Ave Home Price in the world In the time of COVID-19:
1) Canada has 2 Cities Vancouver #4, Toronto rank #4. Then 2) China's Shanghais #3, Beijing #9. 3) Then US's Los Angeles #6 New York #7

Important News in November, 2020:

In General: The usual reasons for Toronto Home Market and Canada Home Market is very hot in Home Sales and Home Price:
1) Record Low Interest Rate. Thus Low Mortgage Rate 2) Low Supply. Low Inventory. 3) Pent up Demand from the 1st Wave Lock Down in March, April, May.
4) Canada Gov's COVID-19 Benefit 346 Billions dollars help 37.8 million population of Canadian Family and Businesses get thru the pandemics. Thus boosting Consumer Spending to highest level.
5) Job Market in the Time of COVID-19, is very good for people medium and high income. These people see no effect by COVID-19.  While People low income, low wage lost the most jobs.

1) Condos sales in City of Toronto dropped to Sales = - 8.5%. People move out of Condos in the City of Toronto. Why?
- People are selling their Condos mainly in Downtown Toronto in favour to buy Detached, Semi Home in suburban outside the City of Toronto. The main reason is that:
1) COVID-19 still active, spike COVID-19 cases, causes Downtown Toronto mini shutdown restaurants, theatres, empty streets.
2) They work from Home in suburban outside City of Toronto. Tens of thousands of people work in Downtown for big Banks, big Gov Agencies, big corporation now work from home.
3) They like Home more spaces. Home in suburban, Detached, Semi detached  still much cheaper than Detached, Semi Detached in the City of Toronto.
Which is pushing high demand for Detached, Semi Home in suburban outside Toronto.
For example, Home in GTA much cheaper than Home in City of Toronto. In the time of COVID-19, People leave, sell their Condos in City of Toronto to Buy Home more space and cheaper in GTA.
1) A difference Year-to-Date, between 1) Detached Home in GTA and Semi Detached Home in City of Toronto = 119,000$
2) Between Detached Home GTA and Detached Home City of Toronto = 430,000$
4) In the time of COVID-19, COVID-19 Benefits 2000$ / mo transition from CERB to new new EI benefit in Oct 3, 2020.
People qualify for 2000$ / mo, for 45 weeks of benefit, who are: full-time Employees, qualify for EI, who already working at least 8 months of their full time, but lost Job by lay off, not by volunteer, not by their fault, nor quit job, now could get near 1 years 48 weeks of Benefit = 2000$ / month. Can't ask your Company for lay off. While Gov encourages Company & Business hiring more people.
For example, people work in Factory, Restaurant, low wage, salary from 14 $ / hr -> 20 $ /hr ...
Salary 20$ / hr = 3200 $ / month. After Income Tax = 2557$ / m. Salary 20$ / hour is different with 2000$ / mo EI benefit = 557$ / mo. But salary 20$ / hr must:
1) Work full-time 160 hr/ week + Stress.
2) Work Related Expensive = Car Drive to work Gas + Car Maintenance = 250 $ / mo + Car Insurance = 199 $ / mo + Work related expense like Eat out, Relax, Cloths, Coffee Truck ... 15$ / day = 400$ / mo.
Thus Total Work Related Spending (WRS) = 250 + 199 + 400 = 850 $ / mo.
=> Thus Salary 20$ / hr make less than 2000$ / mo COVID-19 Benefit = 300$ / mo + Work 160 hr / mo + Not safety with COVID-19.
3) Avoid COVID-19. Stay at Home. Less Contact people -> But this is good for COVID-19 prevention, stop spreading.
So people just leave their job in the City of Toronto "crowded space" Condos, and settle "more space" Buy Home cheaper in GTA suburban outside the City of Toronto for a year of safety, avoid COVID-19 as well. Currently, Data suggests that a 2nd Wave COVID-19 coming, spike COVID-19 cases on record, more than double 1st wave COVID-19, not just Canada, US but in Europe as well, in this winter called as the darkest winter. In the History of Pandemics, the 2nd Wave is the worst, much worst than 1st Wave, before Pandemics gone. Be careful this darkest Winter coming.
=> This only happens to people who leave Condos in downtown Toronto, now move to GTA and suburban outside the City of Toronto. While Detached and Semi Home in City of Toronto are still high demand. All is about COVID-19. But only temporary. COVID-19 ends soon. COVID-19 is the main reason why people buy Home, settle in GTA, suburban. We see such an increase Demand for Home in the month of Oct, 2020. People move out from Condos of City of Toronto into GTA, Suburban outside City of Toronto the month of Oct.
=> A lot of people came from GTA, suburban working in Downtown Toronto, leave jobs, lost jobs because of COVID-19. So they come back their home town. A person lives in Condos in Downtown Toronto said : " - I just lost my job working Downtown City of Toronto because of COVID-19. So I leave my Condos in Downtown Toronto, back to my home town in suburban to buy home and settle. " 

3) Canada just announced 400,000 Immigrants each year more than average 350,000 / year, will come to Canada. This will push big Demand for Home and for Rent.
4) Canada spent 346 billions this year 2020 on small population 37.6 millions, and next year 2021 at least 300 billions to continue supporting and helping Canadian families and businesses. This helps Economy recovery, and big Demand Housing, as seen Home Price & Home Sales up across country.
- A Canadian family with 2 children, rich, poor, lost income, lost job during COVID-19 will receive: 2 x 2000$ + 850$ x 2 (Child Benefit) = 5700 $ / month for a year since the beginning of pandemic in March, 2020.

Just announced recently. Canada will bring 401,000 / year  Immigrants in 2021, and next many years, increase from Ave 300,000 / year. 
Top 5 Canada needs more Immigrants because:
" Immigrant is the key to Canada's recovery, attract talents, and long term prosperity "  -> Canadian Government.
1) Increase population. Very small population 37.8 million, thus 401,000 / year in 10 years =  42 millions population still small population, compared to rich industrialized countries. Canada high receives Immigrants / year based on population. But still small population compared to G7 like France = 67 m, UK = 66.6m, Japan  = 127 m, German = 84m, US = 331 m.
=> In Toronto, Canadian non white has 52% of Toronto & GTA population from Official Statistic in 2017. Some Districts in Toronto & GTA has more than 60% of non white.
2) Increase Products & Services, Consumer Spending 65% of GDP, thus increase Economy, GDP. Canadian aging population needs more Immigrants to produce more Products & Services and boost Consumer Spending.
3) Attract talents. Create more businesses. Immigrants brings skills, and finance contribution to Canada. Then Immigrants Buy Home, rent Home help boost more Demand of Housing Market in Canada. According to Immigrant Minister 1 in 3 businesses created by Immigrants.
4) Cost less to have immigrant than to raise a child until 18 years old become productive.
5) Competition, Innovation, Diverse of Ideas.

Canada opens and welcomes immigrants over the world to contribute, to have Canadian dream. Immigrants, Canadian also send money to help their relatives back their home land. For example,  A Story: A Philippino woman in Toronto, she works minimum wage 14$/ hr = 2240$ /mo (while in Philippine 1.3$  / hr) in Hotel, sent money to help her family in Philippine got thru COVID-19. During COVID-19, in Canada, she lost job. She got 2000$/moth COVID-19 benefit for a year. More than minimum wage, because no tax. If she has 3 children, she gets extra Child Benefits = 850$ x 3 = 2550$ /month. This Child Benefits for child until 17 year old. This benefit  is not COVID-19 benefit. Canadian Child Benefit has before COVID-19 for Canadian family rich or poor. US no Child Benefit. Much better than relief benefit COVID-19 in US for a check 600$ or 2000$, just one time, but very difficult to pass. While just Canadian Child Benefit gives to Canadian family for a child until 17 year old more than US's 600$ cheque just one time. Because US population 331 m vs. Canada population 37.6 m.

The Top 5 reasons Immigrants like Canada: Summary life in Canada in few words
1) Rank in Top 5 most Happiness country in the world, while US, Japan ranks in 20s. Canada is 2nd largest country in the world after Russia. But small population now 37.8 m.
2) Canada is a country for immigrants. Canada is very open policy to immigrants, the most diverse country by population in the world. Canadian came from different walks of life, diverse background.
For example; Canada doesn't care about your different View of Politics, different backgrounds. If you have Talent, Skill, Money, good Citizen, you are welcome to Canada. It needs you.
- Unlike Japan is Homogeneous Society, 99% are same Japanese. Canada, specially Toronto, is Diverse Society. In Toronto, GTA, people come from different backgrounds, different countries. There are more than 100 different cultures, coutries to live in Toronto, GTA. Toronto is the first multi culture in the World.
3) Free Health Care, free Hospital, free Doctor to every one gets same treatment, true health is #1, regardless Rich, Poor. Only few countries free Health Care, no need, no pay for Health Insurance, not free in US, Japan, South Korea, not free in most Europe countries, UK, German, France, Italy.

People when good health don't think about when got sick. Not see far, not appreciate Free Heath Care until they get sick, their relatives, their children get sick. That's why Canada rank top 5 country of Happiness to live.

=> According to an International Travel & Health Insurance Agency: - Health Care in Canada very expensive. A non-resident visitor expect to pay up to $5,000 / day in a Canada Hospital for non Canadian double that for the intensive care unit, surgery. In Canada Hospital is 10x more expensive than 5* Hotel. But for a Canadian cost = 0$. For example, see Doctor, in Hospital, MRI, X-Ray ... Everything cost = 0.0$. Every one, job or no job, rich, poor, poor senior, homeless, gets same treatment regardless rich, poor. No 2 -Tier Health Care for rich and poor. True health is #1. People when good health don't think about when got sick. Not see far, not appreciate Free Heath Care until they get sick, their relatives, their children get sick. In other countries, including US, a lot of people got sick means become poor, cost a lot of money. Rather die because can't afford Hospital.

4) Free Education from Grade 1 -> Finish High School Grade 12. While almost Asian countries must pay tuition fee.
5) Canada Child Benefits + Tax Break for having small children helps a lot Canadian Families, rich, poor, work or not work, income or no income. Every family gets CB / child until a child 17 year old. Not seen in G7 industrialized countries. During COVID-19, a Canadian family, rich, poor, working class, middle class lost job with 2 small children gets: 2000$ x 2 + 2 x 850$ CB / child = 5700$ / month up to a year of COVID-19 Benefit. Benefit COVID-19 started from March, 2020 -> Oct 3, 2020. Now extends to another 6 months. While every Canadian family, rich, poor, work or no work, income or no income, gets CB until a child 17 years old. Money deposit direct into mother's bank account. The purpose of Child Benefit is 1) Help Canadian family 2) Reduce child poverty. 3) Increase population

=> Minimum wage = 14$ /  hour, compared to Cost of Living, Canada is the best in G7.

=> There are more. Like Environment, Air Quality, Transportation, large Streets, High ways, fast Subways, Super high ways.....

Is it true that Canada accept more rich economic Immigrants?
It is true that Canada accepts more Economic Immigrants, Skills Immigrants and Family Unification. But Canada also accepts more refugees, around 15% Humanitarian refugees like Syrian.

When are you no more immigrant and become Canadian?
After 5 years you become Canadian. Need to pass citizenship test. Canadian is Canadian. No difference.

How big is A Canadian Dream for an Immigrant? -> Depend on How Big is your Dream.
In Canada, if you are millionaire -> You are on top 4.9% Canadian population, Japan 2.7%, S. Korean 1.7%, German 3.3%, UK 4.9% ... Toronto creates most millionaires more than half in Canada. In any country, we need to dream big what ever situation. We see people low dream, small dream  -> Easy life, self satisfied. Feel enough, even don't have anything. We see people with no dream. Dream Big means work harder, try harder, smarter, more challenging, obstacles, people jealousy, life hardship, difficulties... Dream small easier. No hard work. No struggle.

=> Check Social Media Linked In. Almost people have University Degree have Linked In, like resume, CV. If he/ she has no Linked In, then he/ she has no University Degree, no career of Professionals, not Engineer, not Scientist, not Teacher, not Doctor. Linked In also tells you when that person buy home based on their career. Usually, from the day they started career to 10 year later, they can buy home. Today, even Ave salary of Professor 100,000$ / year can not afford to buy home in Toronto that needs Salary 120,000$ + Deposit at least 20%. Use Data. All is about Honesty is # 1. Knowledge is always better.

But, in Toronto, we have seen people started life = 0, no degree, alone, no support from family, no privileges, diverse backgrounds, become Engineer, Scientist, Professor, and Millionaires. We also see immigrants become 1/2 Millionaires, Millionaires as well. Never happens this in developing and developed countries, other rich industrialized countries. In Toronto, you ask an immigrant what do they want? - Most of them will answer  :" I may work in Factory or minimum wage job to make end meets. But I want my children to become Engineer, Scientist, Teacher, Doctor ...Anything is possible here. "
Let's jump out of small well, see big sky -> Welcome to Toronto, a big City where more than 100 countries, 100 different languages of people from around the world choose to live in Toronto for their second chance of life, and Make Big Dream. These Immigrants are the best in their country come to Canada, Toronto, work hard, only one goal: Be Educated, Be Rich, Be Millionaires. Think Toronto is a Global Olympics, not Local Competition. A lot of Canadian diverse backgrounds become Engineer, Scientist, 1/2 Millionaires, and Millionaires.

But not all Immigrants are success. Empty. No dream.
No where in the World is heaven, easy for success. Not comfort zone.
A Scientist Professor has proved that you will not millionaire if don't meet the condition: 1) 150,000$ Income or Salary /year for continuously 20 years OR 2) Have A Home in Toronto at least 20 y.
- Life in Canada, Toronto, in US, in Europe, in Japan, in industrialized countries is not easy to get rich, not easy become a millionaire. ...
A Story: An immigrant lives in Japan for 10y. During COVID-19, she doesn't have enough money to live. Japan minimum wage, like South Korean, China very low. She asked family back home sending her money to live. This story is different story a Filipino female in Canada, worked in Hotel, lost job. She got 2000$ COVID-19 benefit for a year. She sent money back home to help her family.
In Canada, Toronto unless you have Home at least 20 y, you will not become millionaire. Unless high salary like Professor, you bought Home, sign contract at least 30y, 35y, 40y...
- If you bought home 15 years ago, since 2006, you are only 1/2 road, still Bank's home, because the Bank is like investor, stake holder lend you money to buy home. Assume your mortgage monthly = 4000$ / month, include interest payment, the big debt, mortgage debt = .4000$ x 12 mo x 15 y =  720,000$. Your mortgage Payment monthly most 70% pay for Interest Payment because small Deposit. That's why buy home, need at least 20% Deposit a requirement.

- Living standard is very high. After Tax (usually 20% - 25% of Ave Income 50K/year -  High Income pay more from 30% - 40%) + Miscellaneous deductible like CPP, EI.., then Rent, Car, Insurance, Phone, Restaurant, Grocery, Travel ... you have not much left. 20 years ago Ave home = 217,000$, minimum wage factory around 5.5$/ hr, Engineer, Teacher 15$/ hr. A couple working in factory in 1983, after 15 years save 25,000$ to buy home with 10% Deposit. While a Professor, 50$ / hr = 100,000 $/ year, in 3 months save 25,000$.
- Today, Ave home in Toronto A Million Dollars Home, salary of 100,000 $ = 50$ / hr can not afford to buy home in Toronto, required 20% Deposit = 200,000$. But in US, you can buy home with 5% Deposit. In Texas, Houston, people buy home Ave = 250,000$ with 3% Deposit = 7,500$, at least 40y to own home. After 20y, still bank's home. The problem of Buy Home small Deposit is that you will pay extra Interest Payment few hundreds thousands of dollars. The 250,000$ house, he could pay 3 times more like = 750,000$. The different between 10% Deposit and 20% Deposit could be = extra 350,000$ dollars more. And take more years to pay mortgage. The sales agent doesn't tell you because the small deposit, the agent, the bank make more money.
Toronto, one of biggest Cities in the World, population 9.6 m, bigger than Paris, London, more than New York City 8.5 m, where Immigrants, the best in their country, come to Toronto to make their big dream for themselves and for future Generation. Toronto, Ave Home Price rank #4 in the world, built by Immigrants since the beginning of the City, the only multi culture City in the world. But there are obstacles, barriers, biases, challenging, difficulties just like in any City, your City. However, a lot of Immigrants started life =0, overcome challenging, obstacles, become Scientist, Engineer, even Millionaire. Not for people self-satisfies in comfort zone, not heaven, not easy life, not like on TV. Toronto is like your city, but it is diverse of people, 100 nationalities and languages, not homogeneous 99% same people same language, same culture.

A Story: A Canadian Scientist Professor, started life = 0 at 18 alone, grew up in Toronto 30y ago. He already achieved his dream: From Factory -> A Canadian Scientist Professor Millionaire in Toronto. => Professor David. D Click see his [ Cheque ] 20 year ago, 50$ /h, 100,000$ / year. Which is equal to salary 250K /y in today money. When Ave Home Toronto = 217,000$. 20 year ago, Factory minimum wage = 5.5$ / hr. When today, Ave Home Price Toronto = A Million Dollars Home, Factory minimum wage = 14$ /hr. Home up 5 x time, Ave Home 217,000$ x 5 = 1,085,000$, Detached Home 1.5m, Semi Detached Home 1.3m increased 5 times more than 20 years ago, more than Ave Home Price. While minimum wage Salary up from 5.5$ -> 14$ = up 2.5x. Harder Buy Home Today increases 5x than 20 year ago although Salary increases 2.5x. If adjust Salary correlation to Home, 20 year ago 100,000$ / year = today 450,000$ / year. 20 year ago, if he started as Factory Worker 5$/ hr, or Teacher, or Engineer 15$/ hr, he would wait for 10 years later enough saving for Deposit to buy home. Then Home Price in Toronto already more than double price in every 10 years. He could miss. That's why, education will improve your career, salary.
=> He still keeps working next 20y on the journey of life. He is not satisfied. Last year 2020 was disappointed, stress. Hope this year 2021 will be better. For Millennial from 29 -> 39, dream big, try hard to achieve the best, because all the best is achieved in this age, when you are still the young, the restless, the ambitious, the energy. When you are in 40s, it will be harder.

Dream big even hopeless. Have Hope. Have A Dream.
Why people start up a business? - Because they dream big. One day their start-up will be big, multi-millions, billions dollars. A lot of challenging, difficulty, hard work. Just Have A Dream. Begin with having a dream. Success or not, is not important. The future is not to tell. Whatever will be, will be.
Some people think life is simple, food to eat, good enough. I don't need Money, Title Scientist, Engineer, Doctor.., Rich, Car, Home... They are Material Life will make you work harder, try harder, smarter, suffering, hardship. I satisfied with my life simple, no Home, no Bills, no Car = Nothing worry. Why should I choose hardship, difficulty, suffering? -> This is Have No Dream. Hopeless. When people Have No Dream, it becomes hopeless, no goals, no future, miserable. If People in the society think like this, then you will not build a strong, better society, because people don't want anything, no progress, no better future. There will be no Scientist, no Teacher, no Doctor, no Engineer.. Because people don't want Title. People will not work harder because they don't want Money -> Thus less Products & Services are made and produced.  People rather Homeless than work hard 20y to have Home. People want to have fun, satisfied, simple, happy. Poor people every where because they don't want Rich.
According to Scientist, material life like Money, Car, Home.. will make people work harder, more money rewarded, Hard work & Reward, richer, and productive, produce more, and become rich Consumer Spending 60% -> 65% of GDP, of Economy. Because when you have Money, Car, Home, you have no choice but work harder, improve you career, more money. But hardship is rewarded, like Have A Home, not Homeless, more Money. Just Dream A Home makes you work hard 20 years non stopping. The Reward is Home, Money, Something.  
=> When people don't want anything. They don't Have A Dream. Not talking Big Dream. When you say I don't want: Money, Title, Home.. -> You need to Have A Dream.
When I started life =0 in Toronto, homeless, worked in factory 5$ /hr, no degree, I had dream to become an Engineer, rich, improve my life better. The salary of Professor 50$ / hr = 100,000$ / year helped buy home in 3 months = Same the salary of factory couple 5.50$ / hr combined, saving 25,000$ for 15 years. 20 year ago, if you started as Factory Worker 5$/ hr, or Teacher, or Engineer 15$/ hr, you would wait for 10 years later enough saving for Deposit to buy home. Then Home Price in Toronto already more double price in every 10 years. Could miss. 
People want big dream, rich, success. People like success story of immigrants  (I am not an immigrant) started life = 0, inspired them. Specially Toronto where diverse population more than 50%.
If you are an immigrant, new comer, after 5 year, you will become a Canadian after passing citizenship test. And after 10 years, you adapt well in to society like any Canadian.
I like to tell story. Still continue next 20 years to contribute society. In Toronto, if I can do it. So do you, where ever you live. You maybe a small town person come to live in big city alone. Started life = 0, no family, no degree, no support. Toronto is not different with your City. You will make it. No worry. Good luck. This I share with you story from my life experience in the big city Toronto.

October 2020



Data just released on Oct 7, 2020: Just in new Home Data for Vancouver, Ottawa, Montreal in Oct,2020

City of Toronto Average Home Price for all Properties in Toronto for month September, 2020 is: $1,022,051 compared to  Sep 2019 = $913,018
-> An increase $109,033. Home Sales Up 42% a new record high of September month, compared to last year Sept, 2019 when no COVID-19.

Home Sales of Semi Detached is high 48.8%, Detached Home 28.1%, Town Home 21.5%, Condos 7%
-> Condos Listing Downtown hit 215% compared to last year. Seems over Condos Supply for Sales, sign of weakness.
-> Semi Detached Home continues the most Demand Property, last month August up 82%, this Sept month up 50%.
-> A person bought a semi detached in City of Toronto last year, just sold their semi home last month Sep, 2020 after 1 week of Listing, profit = 125,000$ after 1 years buy home. While Ave Semi Detached up = 76,440$.
GTA Sept, 2020, Home Price = 960,772$ compared to  last year Sep 2019 = $843,115.
- In Sept 2020, Detached Home in GTA = $1,104,866 - Last month =$1,023,987. Last year = $946,256
- A difference Detached Home in GTA with Semi Detached Home Toronto =  $41,000

Home Price changed ups/ downs month to month not important, not "real change". Compare year to year, take a year to see "real change" more accuracy.

=>  Home Sales is up in breaking record, specially Semi Detached
=> Sales Condos is not much only 7.7%, because: 1) COVID-19 people don't like to live, sharing with others, ups/ downs in elevators, corridor  2) People put up Condos for Sales in record, Listing up 215% compared to last year. Sign of weakness 3) People work from Home. So they buy home outside Toronto, suburban more space, cheaper than Condos in City of Toronto.
=> The Average Home Price in City of Toronto still above 1 million dollar = 1,022,051$

GTA (Greater Toronto Area) District around Toronto. Population around 6.2 millions. GTA Ave Home Price = 960,772$. Include: York Region, Peel Region, Halton Region Rest of GTA (905) = 931,834$. Include: Durham Region City of Toronto, or 416 phone area code, population around 3.3 millions. 2 biggest University of Canada is : York University rank #2 in North York, University of Toronto, rank #1 in Downtown. where Ave Home Price  = 1,022,051$. City of Toronto, 3.3 millions population. Its Municipality = North York, Etobicoke, East York, core Downtown Toronto. Top 5 Biggest Cities in US & Canada: 1) Toronto = 9.5 m, City of Toronto for Toronto, where Stock Market TSX, Center of Banks, Financial Institution, Manufacture Hub. Population = 3.3 m. 2 biggest University in Canada is York Unv #2, U of Toronto #1 in City of Toronto. City of Toronto is Capital of Province Ontario. 2) New York = 8.6 m. City of New York is Manhattan, where Stock Market, Down Jones, NASDAQ, UN Headquarter, Center of Financial Institutions US, population = 1.7 m (Manhattan like City of Toronto for Toronto). New York is Capital of State = New York State 3) Los Angeles 4m, 4) Chicago 2.8 m 5) Houston 2.3 m Toronto = GTA + City of Toronto A lot of confusion using Ave Home Price for Toronto. Some Media Companies use only one Ave Home Price  = GTA Ave Home Price = 960,772$ for Toronto. Make it simple. We use Ave Home Price Toronto for City of Toronto (416) = 1,022,051$, not Toronto GTA.

- How to Become A Millionaire. But don't forget the Debt. (Update Nov, 2020)
Millionaire =  Total Asset of Home + Car + Jewellery + Cash + Investment ... - Total Debt (Credit card Debt, Mortgage Debt, Whatever debt ...). In fairness and honesty.
For example, 1) A person bought Home in 2005 with small Deposit 10%, still has 15 years more to pay off home. Giving mortgage 3000$ / mo -> Thus 3000$ / mo ( Include Interest ) x 12 x 15y = 540,000$ in debt. Need work hard 15 years more.
2) A person shows his home, said: "- I Buy this Home 1.5 millions dollars." -> Need to know: 1) How Much Deposit 2) How long already Ownership. At least 20y.
=> Actually, Total Asset = 300,000$ of 20% Deposit. Total Debt = 1.2 millions. Before gain 300,000$, now lost 1.2 millions dollars. -> Big Debt to Nothing. But good debt. Still better than pay RENT = Big Debt for Ever.
NOTE: This is not small Credit Card debt few thousands. Mortgage Debt usually hundreds of thousands dollars, you need to pay on time, or lost your home. This Scientist calls "Behaviour Economics". Human Behaviour focus on Gains (1.5 millions, not yet), not Lost (1.2 millions), Greed and Fear.
=> Not yet gain 1.5 million dollars. Need working hard at least 35y more for such big mortgage 1.200,000 $.  Go back 20 years ago when Home so cheap Ave 217,000$, after high Deposit, mortgage around 150,000$ -> 200,000$ Still take 20 years to pay off. Because of almost payment / month like 75% for Interest Loan.
That's why ask " What were you doing 20 y ago when Toronto Home so cheap? "
=> Question :" Why in Toronto, people can afford A Million Dollars Home, like drive 250,000$ Mercedes? "
=> Answer: "- According to "The Wealth Effect Theory" = Wealth Creates more Wealth. Higher Home Price -> Create more wealth for people, who now can afford higher Home Price -> More Demand for home. Thus push home price higher => Thus People more Wealth because of higher Home Price -> Thus more Demand for Home and Push Home Price higher -> In circle. 20 y ago 217,000$ Home -> 10 years later 500,000$ Home -> Now 1,000,000$ Home -> Still more Demand for Home. Sales on record in the time of COVID-19.
This calls "The Wealth Effect Theory explains why people in Toronto can afford high Home Price. And why Home Price keeps pushing higher, double every 10 years, as proven by Data by a Data & Computer Scientist Prof. Not worry about high Home Price -> More Demand. But worry about lower Home Price -> Less Demand. The Wealth Effect Theory says that this Wealth is spreading thru society, community. Benefit for all people.".
Toronto is where rich middle class, millionaires live, rich by Home. Data shows people buy home in Toronto: 55% Rich Middle Class, Millionaires, 25% Immigrants, 15% Millennium a lot got help from the 55% of rich middle class, millionaires, only 5%  Foreigners. "

NOTE: The Wealth Effect Theory combines Economics with Data Science from the Author of this Blog.

How To Become A Millionaire and Who is A Millionaire with few Rules applied? A Data Scientist and Professor, said: "Use Data no Mouth. The way Data Scientist Collect Data, Relationship Data, Correction Data, Analyze Data, Normalize Data in different Conditions -> different Methods. Find Millionaires search thru millions of Homes, Condos, all kinds of properties in Canada is impossible -> No Law allows. Can't ask millions of home owners in Canada list their Asset. In Canada, US, this is invasion of privacy. Then "- How do you know their asset? " - Take 10 years + thousands of staff to do Statistics to collect hundreds of thousands of Data. Cost hundreds of millions of dollars -> But there is Methodology by Data Scientist. Experienced Data Scientist can get Data. Canada is a rich industrialized G7 country. A lot of millionaires. Rank #2 by Population in the World, after US. Every one wants to Become A Millionaire. Not easy. Need to follow the Data and the Rules applied for "every one". No biased, in fairness, inclusive. Simple not complicated "Rules". We explain the Rules below. I know a lot of Professors, salary over 100,000$, but a lot of them are not Millionaires. See A Story in this Blog. If you not yet, wait for your time will come. We wish you work hard, contribute to society, and proud "Become A Millionaire", which is a huge contribution to society, top 4.9% Canadian population. No jealousy. => 90% of Middle Class Home Owners Asset is Home. Who Buy either Detached Home or Semi Detached Home with 1) High Deposit at least 25%, 2) Ownership at least 20y 3) Location Ave Home Price = A Million Dollar Home like in Toronto, Vancouver (Ave Home Price rank #3 in time of COVID-19 only after Hong Kong, Singapore in the World. But now, Toronto surpasses Vancouver) -> Become A Millionaire => You Are A Millionaire on top 5% of population in Canada. After combined all assets: Home + Car + Bank Acct + 401 K + Misc stuff - Debt.  -> Based on latest "official" Toronto Home DATA in 2020. No mouth Data he said, she said. How to find Millionaires people who satisfy these 3 Rules? - Easy. -> 1) When? Go back 20y career - The Rule needs 20y Ownership. Need pay mortgage at least 20y. But started career 20y ago doesn't mean you can buy home right away. Take at least 12y after started career you can Buy Home. Then in Toronto, Home already double Price every 10y. You missed. Unless you were a Professor Buy Home within  a year. -> 2) What was He/ She doing at the time Buy Home? - The Rule needs at least 30% of Deposit. This is your career, salary, income at the time Buy Home. High Income -> High Deposit. See A Story in this Blog: 20y ago, A couple working in Factory take them 15 years to Save 25,000$ in combined Salary to Buy Home small Deposit 10%. While it takes a Professor 50$ /hr working for 3 months to have 25,000$ back 20y ago. See also Data from CNBC:= How Many Years People Saving Money to Buy Home -> https://www.cnbc.com/2019/06/11/salary-needed-to-buy-a-home-in-major-us-cities.html -> 3) Where they live? The Rule needs Location that has Ave Home Price = A Million Dollars Home. Like Hong Kong, Singapore, Vancouver, Toronto, Shanghais... Top 5 Cities in the World by CNBC, has Ave Home Price = A Million Dollars Home. Canada has 2 Cities Vancouver, Toronto in Top 10 Cities high Home Price in the World, China, US as well. During time COVID-19, most Properties, Home in top 10 Cities in the World Home Price dropped a lot. In Canada, Vancouver does not drop, stand same Home Price last year 2019. See Data in this Blog. Only Toronto increased 20.1% =  200,000$ in Aug, 2020. => This 3 Rules will help "filter" a lot of Data. If not filter, the population of Millionaires in Toronto could be more than Japan's population of millionaires, currently rank #3 in the world. NOTE: These 3 Rules can apply for all Cities in the world. Help quickly filter a lot data. Easy making decision. A lot Leaders in Business Don't Make Decision Using Data, biased, lack of ability "Problem Solving", lack of capacity to Analyze, see far, making no good decision   1) Should trust Data than trust mouth Data.  -> No good, Listen to mouth data, he said, she said. For example, A person said :"- My Home is 1.5 millions dollars, but he/ she doesn't say 1.2 million dollar Mortgage Debt." For example, 20y ago, Took a couple working in Factory 15 years to save 25,000$, to Buy Home with 10% Deposit, Ave Home 20y ago = 217,000$. While took a Professor only 3 months, 50$ / hr to save 25,000$ -> 95% people don't believe until proven Data, change their thinking. NOTE: 20 year ago, factory, minimum wage = 5.50$ / hr, 25,000$ was a lot. 2) Trust Data more than Experience. While Experience of course is very important. But because a lot of people gain experience thru their own "Human Intelligence" of Believe, Assumption. Different people have different belief, biased, lack of knowledge, lack of Data, not scientifically Data proven. Experience also depends on different Backgrounds, a Professor, an Engineer, A Scientist .. their experience different with people who are not. For example, different Manager, Sales Manager each has its own different experience about sales, management. Who do you trust? If listen to no good advice, the company will stay the same, never grow, no innovation. For example, A company in Business as usual for 20 years of business experience, no new Ideas, no Innovation. Until, one person from outside of the box comes inside and changed every thing. While inside Managers 20y experience see nothing like no experience. 3)Trust Data more than Words. Because words make people feel good, but Data not. Why? Because Data is honesty. Human Behaviour is Basic Instincts, pattern of behaviours, feeling, like, hate, love, making decision response to different situation for survival, evolved thru Human Evolution for thousands of years, Greed & Fear, like Gain more than Lost... Thus make decision not good. For example, 95% people who Buy Home 1.5 million with  20% Deposit = 300,000$ -> Think they own 1.5 millions Home, ignore 1.2 million dollars Debt. Lack of good judgment. This is Human Behaviour, most don't like Data. => Find When, Where, What -> Look at Linked In social media. 95% Professionals with University Degree, Have Professional jobs -> They Have Linked In. Thus, we can tell a person is millionaire or their asset. Because Linked In will tell a person 1) When Started working 2) What Career 3) Where they live. A person no Linked In account is not A Professional, like Engineer, Scientist. If you are A Millionaire -> Take time 20y for You Work hard & Save 65,000$ / year in 20y. Which means 1) You need salary or Income at least 150,000$ / year for 20 years. Because after Income Tax, Living Expensive you Save 65K -> 75K / year. Take 20 year Work hard 20y & Save 65K / y = Become A Millionaire. OR: 2) Just Buy Home in Toronto. Then Work hard 20y for Home please. Its Return On Investment ROI = 65K -> 75K in 20y. Most Toronto Millionaires Become A Millionaire By Home Rich. Wish you Become A Millionaire. But don't forget the Debt. Millionaire =  Total Asset - Total Debt. In fairness and honesty for all. (Update Oct 31, 2020) For example, a person still have 15 years more to pay off home. Giving mortgage 3000$ / mo -> Thus 3000$ / mo x 12 x 15y = 540,000$ in debt. A person shows his home, said: "- I buy this Home 1.5 millions dollars, a new home." -> Actually, Total Asset = 300,000$ of 20% Deposit. Total Debt = 1.2 millions Debt. Big Debt to Nothing NOTE: - When we "Collect Data" hundreds of thousands even millions Data Set (Table Data with many fields), we Normalize Data all the same based on the same rules. No biased. For example, we don't pickup some areas, some expensive home, "mouth Data" in order to present as a whole population. Different situation has different way Collecting Data. Collect Data Sales Orders, generated from millions of Customers ordered online is easy. Sales Data is stored Database is different with Collect Data of Millionaires in population, more difficult, not available in database. Sales Data, Customer Data is easy to find, measure. For example, Measure Total Sales, Total Tax, " - How Many Customers ordered more than 1531$ " from 100 millions of Customers = Easy. But hard to measure How Many Millionaires in population. But with the "Business Rules" applied "same Business Rules applied on Data" for every one who satisfied these Rules. We don't know Who are they, fairness, no biased -> We can Normalize Data, filter Data, find Data of Millionaires population easily. It is like "How Can We Find The Most Expensive Home Price Top 10 in the World" - Each city has millions of Home, each Home is different values, each street different, each area different ... Even poor city still has Home worth 2 millions dollars. Hundreds of thousands of mouth Data, my home price, my friends home price, this area Home Price. A person in Mississauga, in GTA says "- This Home worth 2 million dollars" straight from mouth. Then x hundreds of thousands mouth Data. Suddenly, a whole Mississauga City's Home worth 2 millions dollars Home.. No "Official" Data, only mouth Data. But actually, Ave Home Price in Mississauga around 800,000$. A person says "- In Tokyo, this area Home worth 3 millions dollars. Why not on Top 10 list?" - Pickup some expensive area A person, after graduated from school, just working 5 years, says "- I bought this Home 1.5 millions dollars." A person says "- I have Home and car" . But Total Asset =  50K. Buy Home 400,000$ with 10% Deposit + Used Car 10K = 50K A person, started working in factory, or low wage, 15 years, says "- I bought this Home 1.5 millions dollars." NOTE: Took a couple working in factory 15 yeas to save 25,000$. Also see CNBC data. On Average, take 12 years working for Saving Buy Home with small Deposit like 10% for Home Price around 300,000$. But, we talk about Toronto = A Million Dollars Home. A Professor, started working 12 years, salary 100,000$, says "- I bought this Home in Toronto 1year 1.5 m " -> Using Data, Could you analyze what is the difference between them? We don't talk about 300,000$, 400,000$, dollars Home. It is 1.5 millions dollars Home. -> Since Toronto Ave Home = A Million Dollar Home -> A lot people in Toronto say mouth Data, when asked. Look like almost 90% Toronto people are millionaires = More 5 x Millionaires than Japan. While Data tells only 2.5% = around 260,000 millionaires in population 9.6 m. -> "Mouth Data" every where. People use mouth data like mouth data. How can you compare Hong Kong with Toronto, compare Vancouver with Toronto? When Collect Data, Analyze Data, Scientists don't use mouth Data, a lot of noise. Use "Official Data", Ave Home Price Data, doesn't matter a Person says. It is mouth Data that makes Housing Market unstable, affect Home Price. All applied Data same Rules. Let's Data itself speaks honesty. Not mouth. Why Deposit? Update Oct 5, 2020 - Very important. In the Story, 20y ago, it takes 15 years for a couple working very hard to save 25,000$ for 10% Deposit for Ave Home 217,000$. Thus Deposit 20% = 50,000$ take 30y work hard = Buy 2 x Homes of 10%. Thus the couple can't Buy Home, because extra  working hard 15 y = Home double Price in 10y in Toronto. Deposit 30% = 75,000$, take 45y work hard = Buy 3 x Home of 10% Deposit. Impossible for the couple Buy Home. A different in 10% of Deposit = Extra 12 years of Payment to pay off Home = Cost extra hundreds of thousands of dollars. A 5%, 10% Deposit will take at least 30y, 35 y, 40y  pay off Home. Buy Home 10%, 5% by low income, low salary, is not the same as Buy Home 20%, 30% -> Check low income -> Buy Home 5%, 10% Deposit for sure. A different between 10% Deposit and 20% Deposit is at least extra 10 years payment more. Assume you pay 3000$ / month mortgage (small) = 3000$ / m x 12m x 10y = 360,000$ extra payment Debt. Like Mortgage Debt, people ignore extra 10 years of extra payment Debt. Why Home Ownership?  - Most people with Ave Income not High Income, Buy Home at least 30 year, with small Deposit. So Buy Home less than 15y with 10% Deposit, ownership around  40% is still Bank's Home. Because the first 15y you pay more for Interest Payment like 75% of "loan" you borrowed when Buy Home, specially when small Deposit like 10%. The first 15y, you pay for actual  Mortgage Principle around 25%. For example, you borrows 10,000$ loan from Bank. Each month you pay 299$ / mo, only 99 $ into principle of loan = 10K - 99$, 200$ for Interest of loan. After 15y, payment acceleration for Mortgage Principle more than Interest Payment, because less money for interest. => Need work hard for Home at least 20y, specially when Buy Home low Deposit. => Check @ the Time Buy Home: Go back 10y, 15y, 20y  "- What was he doing? Low wage, thus small Deposit 5%,10%, different with Engineer, Professor. " Or the Salary of the person at the time Buy Home. What was he/ she doing @ the time of Buy Home => % Deposit high or low   Why Location? -We look at "Location" Ave Home Price = A Million Dollar Home, based on "Official Data" from reliable source. We use Average Home Price Data to calculate and compare. Without Average Data, you can't calculate and compare Hong Kong, Singapore with Toronto, Vancouver. You can't compare Toronto with Vancouver without Average Home Price. Otherwise, people in Vancouver say their Home Price is most expensive using thousands of mouth data, everywhere: My home Data, my neighbour Home Data, my friend Home Data, this street Home Data, this area Home Data.... Impossible for Scientist to calculate and compare. A person in Vancouver on TV said "- Homes in Vancouver on this street around 2 millions". Straight from mouth not based on any Data. A person in Toronto said "- In Toronto Homes on this street around 3 millions. " -Straight from mouth That's why Toronto now is leading Vancouver in all Home Price of all categories when compared Average Home Price Vancouver with Toronto. Toronto, Vancouver Home Price very high, rank #3, 4# in the World according to CNBC after Hong Kong, Singapore, specially in the time of COVID-19 . Which is different with other Locations in Canada, US and around the world. Become A Millionaire -> We look at Location, where Ave of Home like Detached or Semi Detached in "Official Data" of Home Price Average = A Million Dollar Home. We don't look at mouth data, he said, she said, they said ...Mouth Exacerbation,  Not scientifically. Show me the Data please -> All Official Data provided available ** right here ** this Blog. Scientist speaks Data, no biased. <=> Honesty is #1   However, don't need to know Who Is Millionaire. All you need to know is every year since 20y ago, Toronto Home has returned 65,000$ -> 75,000$, which equal to salary around 150,000$ . This year 2020 compared to last year, it returns 196,000$ NOTE: This Data makes people feel good. But we don't use Data to make people feel good or bad, like it or not. We report Data, and make sense of Data. All Data provided are "Official Data", not "mouth Data, he said, she said, they said Data" => So that you can verify.

- It doesn't matter How Much  you MAKE. How Much you HAVE that counts For Example, you made 50,000$ / year. But after spending, minus for Tax + Rent + Food + Car + Insurance, Phone, Living Expensive, Travel, Debt... You Have 6000$ / year that counts, not 50,000$ / year. A Scientist Professor: " - Toronto Home in the past 20 years returned profit 65K -> 75K / year, equal to salary of 150,000$ / year. This year 2020 in August,Toronto Home returns higher last year near 200,000$ compared to 2019 last year. More than 3x of 65K-> 75K. Thus : 1 x Home = 150,000$ / year salary 2 x Homes = 300,000$ / year salary 3 x Homes = 450,000$ /year salary " To Become A Millionaire 2 choices: 1) Have salary 150,000$ continuous 20 years. 2) Buy A Home in Toronto. Keep it 20 years. See how the Scientist Professor proves below. Started life = 0. No Inheritance, no Help from family, no Privileges.  Millionaire  By Population: - In Canada, Millionaires in 4.9% , US 7.8%, Japan 2.7%, S.Korean 1.8%, UK 4.9%, German 3.2%, Singapore 4.0%. - Adult Population over 18. - In Toronto around 2.5% Millionaires, 260,000 Millionaires in 9.6 m population. Richest country in Asia Singapore around 197,000 millionaires. -> Research shows that a strong correlation between Home Price and Millionaire Population. Toronto population 9.6 millions, and Average Home Price is A Million Dollars Home rank #3 in the World, same as Vancouver. Millionaires make big money by brain. - In US, you can Buy Home with 5%. A big Debt. A Home 400,000$, Deposit 5%= 20,000$. Carry A Big Debt 35 y. - How to Become A Millionaire. But don't forget the Debt. Millionaire =  Total Asset of Home + Car + Jewellery + Cash + 401K + Investment ... - Total Debt (Credit card Debt, Mortgage Debt, Whatever debt ...). In fairness, no biases, and honesty #1. Example: You Buy Home 10y ago in 2010.  Still have 20y mortgage left. Giving your mortgage 3000$ / mo include interest. Thus your debt is: 3000$ x 12 m x 20 y = 720,000$ Debt - No Bias, Honesty. --------- - Home Ownership: very important. Usually people low Deposit less than 30% on mortgage at least 30 years, some people 35y, 40y... You bought home 15 y ago or since 2006, you only 1/2 road. If your mortgage 4000$ / month -> You in mortgage debt 4000$ x 12 m x 15 y =  720,000$ in Mortgage Debt. I still work hard next 20 years. Follow the Data and the Rules I show you please. Use your brain. No listen to non sense mouth, no Data. No good for you. My Advice as Data & Computer Scientist, real experience: 1) A Canadian, 30 years Life Experience to live in the City of Toronto. Started life = 0 @ 18, poor, alone, no family support, homeless, no thing, no degree, no privileges. Facing all kinds of obstacles, challenges, biases, from Factory -> Scientist Professor, Millionaire in the City of Toronto. 2) What were you doing 20 year ago when Toronto Home so cheap? Since 20 years ago, I started career early 20y ago as Professor 50$ / hr, 100,000$ / year in Toronto. Back 20 y ago, Ave Home in Toronto 217,000$. Today A Million Dollars Home. Factory, minimum wage 5.5$, today 14$ increased 2.5x. So my salary 20 year ago, today is 250,000$ / y. If correlation Salary with Home Price increased 5x since 20 y ago-> Now Ave = 1,025,925$, Detached = 1.5m, Semi = 1.3 m in 2020.  So 20 y ago 50$ / hr or 100,000$ /y = increase 5x = 500,000$ Salary in today money. If you work for Government as Public Employee, salary 100K / y will put you on Sunshine List top 1% Public Employee's Salary. Harder Buy Home today than 20y ago, even salary has increase 2.5x since 20y ago. By Inflation, over time, car, money lost value. Only Home gains value. See his [ Cheque ]. Different people have different experience, different thinking. I talk from my "real experience" in big City, not reading, not imagination. Every time he says he always shows Data. Not mouth. He says: " - Already 20 years in Middle Class, very long road work hard for Home. 20 years long enough, one step further Become A Millionaire -> A big Dream takes 20 years. That's why I ask people be patient -> Take 20 years Work hard & Reward -> Every day 9am - 5pm you go to work hard for your Home, say, " I want to Become A Millionaire " -> Don't be shy. It is Canada. A Home in Toronto will help you get big dream. Other Locations will not. Because you need Income or Salary 150,000 $ / year work hard for 20 y continuously in order Become A Millionaire. To Choose Where to Live, Where to Buy Home, Where to do Business, Location is always number #1 -> You are lucky to live in City, where Ave Home Price rank #3 in the World like in Vancouver, in Toronto, Canada. Specially, in the City of Toronto. Every year, Toronto Home returns 65,000$ -> 75,000$, equal to Salary or Income of 150,000$ / year, as already proven in the past 20 years by a Data & Computer Scientist Professor. => Just buy home in Toronto. Then let Home work it out for you Become A Millionaire. You just need to work hard for Home for 20 years.  There is not such a fast rich Millionaire. Even Professor salary 100K / year. To Live you must pay. Can't avoid responsibility. 1) Pay your Rent 20 years Become A Homeless. OR. 2) Pay your Home in Toronto 20 years Become A Millionaire." I want you Become A Millionaire. (Nov, 2020) Two choices: 1) Have Income or Salary 150,000$ continuously for 20 years. If some one say they are "A Millionaire". Then you ask the same question: " - Do you have Income or Salary 150,000$ continuously for 20 years? More than Ave Salary of Professor = 100K / year.  " Or: 2) Buy Home in Toronto. Already proven by people who bought Home at least 20 y in the City of Toronto -> Explain below. Based on latest Data of Ave Toronto Home Price in 2020. It is proven by a Data & Computer Scientist Professor. Not mouth. A Canadian Scientist Professor, 20 y ago, his salary 50$ / hr, 100,000$ / year. Today this salary equal to 250,000$ / year. He says: " Millionaires used Brain, intelligence to get rich. You work very hard, minimum wage, low wage hardly to get rich but get by. Why? Even salary of Professor 100,000$ /  y + Work hard for 20y still can't not Become a Millionaire. Already proven below. => Unless you lucky, live in Location like Vancouver, Toronto, and you buy home when so cheap, with small deposit 5%, 10%. Like Story of a couple working in factory since 1983. Took them 15 years combined salary 5.0$ / hour, in order to save 25,000$ Buy Home small Deposit 10% at 20 years ago when Home so cheap Ave = 217,000$. Since 2016, this opportunity is gone. In Toronto, Buy Home need a salary at least 120,000$ in order to afford Buy Home and Home Mortgage. Do grade 5 math, not mouth. => 20y ago, A Professor working 3 months, 50$ / hour = A couple working low wage 5$ / hour, in factory 15 years in order to save 25,000$ to Buy Home with small Deposit 10%. => Few characters of a Millionaire: " 1) Get Educated. Use Brain. Invest in your Brain There is a big difference between a person educated and not. The way they think. Most educated Professionals have Linked In account. Intelligence Millionaires different with Dumb Millionaires. NOTE: The choice between use your Brain - Data Intelligence. Or use your Heart - Emotional Intelligence. (feeling, love, hate ..) -> See my post about Game Theory click here will answer this. Professor Chu plays Game Theory with students to demonstrate: Making Choices vs. Human Emotions in the movie "Crazy Rich Asian" -> Use Brain, Making Choices always win. There is a Math Formula to prove. If you want to be Rich, use your Brain. Millionaire is Smart & Intelligence. Most of them Become A Millionaire because of Home in Toronto. They understand: - " Salary helps pay bill, but don't make them rich, don't make them Become A Millionaire. After pay Tax, Rent, Living Expensive, Car, Phone, Food, Restaurant, Entertainment, Leisure, Clothing, Debt, Travel, you have nothing left." As already proved, take 20 years for Salary or Income 150,000$ working continuously 20y non stop in order to Become A Millionaire. A Professor, who interviewed, talked to a lot of Millionaires in Toronto. For example. Working low wage, factory .. very hard. A lot people are lucky because they live right Location in Toronto + And Buy Home early when Home cheap + And Buy Home with small Deposit 5%, 10%. This opportunity only happens in Canada, Toronto. Other big Cities in the world, working as minimum wage, factory, you are poor, just survival. => There are people working in factory, low wage are rich, not because their salary, but because have Home in Toronto. They choose right Location. A Computer Scientist Professor already proved: "- Take 20 years working continuously, non stop, for a Salary or Income 150,000$ (more than Ave Salary of Professor) to Become A Millionaire" Since 2016, Buy Home in Toronto needs salary 100,000$ =  Ave Salary of Professor. Started in 2018, Stress Test required Test Salary + Deposit at least 20%. 3) Choose Location. For example. Avoid Location that did not create a lot millionaires. Doesn't matter how good and talent you are, you maybe Rich, but never Become A Millionaire. 250,000 millionaires in Toronto. Toronto vs. New York: Toronto population 9.6 m is bigger than New York City 8.5m population. Ave Home Toronto rank #3 or #4 in the World, more than Vancouver #4 by CNBC Top 10 Ave Home Price City in the World. While Ave Home Price New York City rank #7. For example. You work for small business, live in small Town, small City, you maybe Rich, but never Become A Millionaire. For example. A lot people work in factory, low wage, but become rich, even Millionaires in Toronto. This opportunity only happens in Canada, Toronto. Other big Cities in the world, in your city, working as minimum wage, factory, is poor, just survival. For example. Two person choose different places to live, Mr. A in Ottawa and Mr. B in Toronto. After 20y working hard, paid off Home, A has 1/2 millions. B becomes millionaire with asset 1.5 millions, 3 x times more than A. Go back 20 years ago, a Professor working 3 months 50$ / hr = A couple salary combined working factory minimum wage for 15 y in order to save 25,000$ to buy home with 10%. A lot people working  in Factory today get rich because they live at right Toronto Location #3, and Buy Home in Toronto when home cheap. Not today Home so expensive. Only rich Middle Class, high end career can afford. Professors are the most high end salary, at least 80K / y, 4 x times higher than minimum wage. But take 12 years to buy a Million Dollars Home in Toronto 2) Value Money. Love Money = Love your country. Why? - Money is measurement of Hard word & Reward, of Value, of Ability. You work hard, get paid by Money. You don't work, don't make money. When you see the value of Money, you want to save more than to spend, work harder, study harder, try harder, not self-satisfy, out of comfort zone -> Citizen rich then Country rich Money very important. Help: 1) You rich, your family rich, out of poverty 2) You Rewarded by Money in order to Make, Produce Products & Services.3) You become Rich Citizen, rich Consumer Spending. 4) Consumer Spending helps country 65% GDP increase. Help business, Create jobs, and Pay more Taxes 5) Thus, Love Money = Love your country. 6) You poor no money -> Weak Spending = Weak Consumer Spending = Weak GDP -> No good for country. Rich citizen is rich country.  NOTE: " There is no Religion, no Country, no Government, no Family, no Parent wants you to be poor. Because when you rich, you can take care yourself, your love ones, your family, your parents well. Not only good for you but also good for your country, for society. Religion, Government will help relieve your pain, your suffering, support you when poor, need help. Doesn't mean it wants you in poverty. People feel sorry, help you when you poor, needed help. But, no one wants in poverty. But, in reality, when you poor, started live alone, no family support, in need of money to pay rent, food, living expensive, you will see that the road is on your own. In the time of COVID-19, Government helps people all kinds of COVID-19 Benefits packages. After COVID-19 is gone. You will be on your own. -> Then we will understand Money is very important. Can't live without money. Life is Coast Rider, Roller ups/ downs. There is time up-to-the Top, and then down to the Bottom. Then Ups, Downs. Some people think Money is like material life. But I think Money is value, a Measurement of Hardwork & Reward. I came from very poor, in poverty, no privileges, when started Life = 0 in the City of Toronto. I teach you Become A Millionaire. Millionaires are good people. They do charity more than any group people. They are not jealous because you are rich. They want you to be rich, a millionaire. While A lot of people teach you Become Rich. Not easy in Toronto, where all kinds of people, diverse backgrounds, talents around the World come to Toronto Make A Big Dream like in Olympics Competition not Local Competition. I invite you come to Toronto to live, experience, and understand "A multi-culture Society" of more than 100 nationalities live & work together. 30 years to make ends meet, long enough, from Factory -> Become A Scientist Professor Millionaire in the City of Toronto. Already proven. My Dream has done. DONE. 20 y ago, since when first started career as Professor, salary 50$ / hr,  100,000$ / year. I still continue next 20 year journey of life. " -> Says, a person started life = 0, alone in the City of Toronto. (Latest Update Nov, 2020) Say a Professor,  " The Wealth Effect Theory " -> " Change people mindset, value money will change Economy, make country richer. A country weak Consumer Spending must depend on Export, work harder but less money. While rich Industrialized countries, G7 like Japan, Canada, US depends on Consumer Spending 65% -> 70% (in US) of Economy, GDP. Look at Consumer Spending, we can tell a country rich or poor, developed or developing. In Canada only small population 37.8 millions, but Canadian Consumer Spending 65% of GDP = 1.2 -> 1.3 Trillions of dollars. It is more than Gov Budget Spending + Export + Business Spending & Investment combined = only 35% of Economy of GDP " - Things you buy evaluated by money, brand name, luxury, cheap, not the same price. - You go to school, you want good career, upgrade your career, because of good pay money. - A Million Dollars Home is different with 100K Home, not the same. - Different careers pay different money, Factory different with Engineer, different with Professor, not the same. Money is like Data to measure in order to see the differences. Without measurement, you can't see the value, blind, dumb, no brainier. - If a person says " Money is not important ".  Then this person either poor, inability, self satisfied in comfort zone, or homeless. Money will not come to him. If you work in Factory, you will understand value of money to earn pay cheque, to make a living. => You feel happy when you see money grow in your bank account after working hard. 4) Dream Big. Think big. (latest update Nov, 2020) Whatever your life's situation, factory, waitress, restaurant server, low wage, cleaner, warehouse. ..You should dream big like become Engineer, Scientist, Millionaire, even Black President of United Sates like Barack Obama, or Asian Vice President Kamala Harris. You need to live, associate with people who have big dream, big mindset. Jenny said: - " I live surround with people, who are low expectation, simple life, self-satisfied in comfort zone. Enough is enough. Life is = 0. No need car, home. If I have big dream, Have A Home, Become A Millionaire ->  They will get away, distance from me, jealous. So I must low my dream, just like them. So that they will Like me. " -> Big mistakes.   => You don't need to low your goal, low your dream same as people. When your life at the bottom, no people will come to help you. You help people, be kind to people, but not low your dream. You may be in the situation poor, homeless, working low wage, factory, restaurant, surrounding with people low dream ..But. You don't need to low your dream, for people to Like you. Always dream big. Become A Millionaire Need: Take time 20y Work hard & Save 65,000$ / year. Continuously 20y no lay off. Choose 1 or 2 1) Need Income or Salary 150,000$ / year +  Work 20 years with 150K continuously. Continuously. No lay off. Not Having that Income 150K / y in 5y or 10y. Must Have 150K / year Income at least 20y. After Tax and Living Expensive you have 65K -> 75K / y. Why 150,000$? Here is calculation: 1) High Income -> high Income Tax = 31% = 46,555$ 2) Rent or Mortgage = 12mo  x 2200$ = 26,400$ - Ave Apt Rent in Toronto = 2200$ / mo - Usually High Income live in high luxury Condos more expensive. If Mortgage even more expensive than 2200$. Just Income Tax + Rent = 72,955$ = 50% or 1/2 Salary 150K -> Tax, Rent must pay where ever country you live. Not Include: Then: Car Loan + Gas + Car Insurance + Car Maintenance + Phone, Internet, Restaurant + Travel + Misc Spending, Utility, Misc Fees + Cloths + Beauty + Hospital + Debt/ Loan ... You need around 150K / y to Save 65K -> 75K. -> That's why even Professor 100K /y working 20y No Home in Toronto can't be a Millionaire. OR: 2) Just Buy Home in Toronto (update Nov, 2020) With high Deposit like 25% up. Then Work hard 20y for Home. Already proven in the past 20 ỵ, Toronto Home returns from 65,000$ -> 75,000$ / year. 20 y ago, Ave Toronto Home = 217,000$. Today, Ave Home is A Million Dollar Home. Detached Home = 1.5$ million (2020), Semi Detached Home = 1.3 millions (2020) Which means 20 y ago, if you Bought Home with high deposit at least 25%, today you own your Home after 20y working hard to pay off Home. Please allow working hard at least 20y. Is it too late, too expensive Buy Home in Toronto now? -> NO. People have been asking this question 20y ago. Move in Toronto, big City, not move out to small City, small Town. Millionaire created in big City not small town. Said a Scientist Professor, who started career in Toronto as Professor 20 y ago with Salary 100,000$ / year or 50$ / hr, Teacher = 12$ / hr, Software Engineer 13$ / hr, Factory 5$ /hr, who has been thru 20 y in Middle Class Toronto. He has been following Data & doing Research every month about Toronto Home since 2017.