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.  | Millionaires 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... 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. 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$/year as example depends on each person spends. But you have to pay Tax, Rent, Food, Phone....
- Toronto Home Latest Summary Data for whole year 2020 in New Year Jan, 2021 - Click Here  
-> Update Summary Home Data 2020 in COVID-19 across Canada (Jan 20, 2021). Vote for The Winners based on Data not Mouth. Most Sales, Most Profit, Most Demand, A Million Dollar Home ...
- Invest Real Estate in Toronto Home Market for big profit. Don't love cheap. You Gain nothing. - Why? - A Millionaire Plan - Update Feb 12, 2021  Click here.
- Toronto Home Market February 2021 - New Year 2021 Beginning Home Data of Jan 2021 - Click here  -> See Calculation. Click - Update Feb 28, 2021
- Elite Toronto can afford Home in Toronto. Who are they?  Click here  Update 14, 17 April, 2021
- Toronto Home Market April 2021 - Click here April 6, 14, 17  Latest Update April 19, 25, 2021
- Toronto Home Market May, 2021 - Click here  Latest Update May 5, May 7, May 12, May 20, May 28 2021
- Toronto Home Market June, 2021 - Click here  Latest Update June 6, June 10, June 16
- Toronto Home Market July, 2021 - Click here  Latest Update July 7, July 11, July 17, July 22, July 27, July 29, August 1.
- Toronto Home Market August, 2021 - Click here  Latest Update Aug 8, Aug 10, Aug 11, Aug 12, Aug 15, Aug 17, Aug 20
- Toronto Home Market September, 2021 - Click here  Latest Update Sept 14, Sep 21 update Election 2021
- Toronto Home Market October, 2021 - Click here  Update Oct 6, Oct 9, Oct 14, Oct 16, Oct 17, Oct 27, Oct 28. 1) Why Sales Down but Price Up? 2) Ave Price & Salary Buy Home in 51 US States
- Toronto Home Market November, 2021 - Click here Nov 7, Nov 10, Nov 15,  Nov 28: Income or Salary = 100,000$. Deposit: 100,000$. More Deposit better Loan. Reduce Interest Payment.
-> 1) How Much Home Price You Can Afford by Bank, Monthly Payment?  2) For Home Price = 1 Million Dollars (not 1.8M) , What Bank Required for Salary + Deposit? Still So much cheaper than Rent.

- The Wealth Effect Theory. Click  
-> Author: A Canadian Scientist Professor. Life Experience: 30 y in City Toronto.
-> Started Life = 0, Self-support, No Privileges, Study, Make Ends Meet in big City, which helps him understand School of Life complicated like Coaster Rider.
- Theory #9 ? Interesting (update Oct 30, 2021)  - Theory #6 -> A Story: Professor Salary 120K - 150K after 20y working hard. Data by National Bank  (update Nov 20, 2021)
- Theory #8:- Wealth creates more Wealth.  (Update Nov 13 , 2021 - Theory #8, Theory #1)
-> 20 years ago, a person in City Toronto very high Salary (>= 50$/ hr) at least 100K bought 1 Detached Home and 1 Semi Detached Home with high Deposit 30%
-> How Much Wealth did he generate after 20y?  (Theory #8) - You must live in industrialised developed countries like US, Japan, Europe, Canada, big city Toronto at least 30y to Understand.
-> Why go back 20y? - 1) Home Price 20 y ago in City Toronto, so cheap, Ave Price = 220,000$. Today 1.1M increased 5x, Detached 1.8M, Semi Detached: 1.3M
-> 2) Home Ownership at least 20y, less than 15 years since 2007 still Bank's Home. Because most people Buy Home contract pay off 30 years unless having high salary >= 100K like Professor, Doctor.
- Theory #7:- 90% of a person's Asset, Wealth is Home. Why? - Every thing lost value, money, car by Inflation, after 10y Car = 0, Rent = 0. Only Home increased value. That's why people Buy Home. 
-> Since started career: At least 10 y Saving for Home Deposit, in Toronto 25 y Saving Deposit with Salary 200,000$ + 30y pay off Home = All In Money 40y for Home.  
-> In Theory #7"  (Theory #7 update Nov 24, 2021)
- Add Theory #10: Don't Believe TikTok ...(August 22, 2021) - Add Theory #11: A Million Dollar Home? (August 26, 2021).
- Add Theory #12: Why Home Price was expensive already 20 years ago? -> Old Question back 20y ago. (September 2 , 2021)
- Add  Theory #13: A Home is categorized as A Million Dollars Home when its Ave Home Price >= A Million Dollars. (October 18 , 2021) Like Detached, Semi Detached Home in City Toronto.
Since Ave Home Price is used to compare fair, accurate Home Price between Location, City, Country, Global. - Why A Million Dollars Home does not happened to other Locations, Cities, Countries in the World?
This tells that this Location has a lot of customers as Rich Elite Millionaires who can afford A Million Dollars Home so that they are pushing its Ave Home Price >= 1-Million Dollars. (Theory #8)
- A True Story of Four Friends Click Here :They live around the World in City Toronto, Ottawa, Texas, California. After 20 years 1) How Much their Asset? 2) Who became Millionaires? .
NOTE: Scientist used "Official Data" is Ave Home Price to Calculate, Measure and Compare Home Price at any Location, Global for fairness, scientific Data, accuracy. Not Mouth Data.
-> 3) What lessons do you learn? All Data used are "Official Data" in 2021. Problem of Mouth Data from 1st person = Mouse -> 10th person = Elephant. Not Official. (update Nov 27,2021)


 

- If any correction, we fix and let people know. Any comment, contribution, correction, send email to Blogger at: NetthruOffice @ gmail.com - Subject = Blog August ...
" This Blog by designed not only updates you Data of Home, but also helps you understand Property. We, Professional Scientist, tell the fact based on Data. It may make you feel Like or not Like. We don't use Data to make people happy. We don't work like that  against morality of a scientist, like Doctor. You can contribute by sending us email. We will fix it. Any information you don't like or may effect you, email -> We will remove right away, even correct. "

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. 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 November, 2021


Toronto Home Market including GTA and City Toronto for October 2021 was released in November, 2021.
Usually, fall season market is typically busy with higher sales volume and price higher.
The Globe And Mail says :" Things are heating up again"
- In City Toronto, October 2021, Ave Price = 1,112,463 million dollars. Compared last year Oct 2020 = $1,027,280.
- In City Toronto (416), Detached Home = $1,784,979 Price up 21.2%. Compared last year Oct 2020.
- Semi Home = $1,322,229 up 14.4% compared to last year Oct 2020
- In GTA (905), Average Price = 1,155,345 million dollars, compared to last year Oct 2020 = $968,535.
- In GTA, Detached Home = $1,459,803 up 29.7%.
- Home Sales: In Oct 2021, GTA Home Sales Down -6.9% compared to last year on record Oct 2020. However, Sales increased relative to August, 2021 last month. Which means Sales in Oct, 2021 begins picking up trend after many months down trend.
- Home Price: GTA Ave Price for all home types combined $1,155,2345, Up +19.3% compared to Oct 2020.

Important News
1) What are main factors to make Home Price Up?
1- Record Low Interest. Demand side
2- Record Low Home Inventory, Home Listing. Supply side.
3- Wealth creates more Wealth -> Large population of Millionaires who are customers also are created, Rich by Home. Demand side.
-> The Wealth Effect Theory #8: High Home Price -> More Millionaires created -> More Demand for A Million Dollars Home
-> Large Millionaires' population are customers who can afford A Million Dollars. Toronto has A strong Foundation of Millionaires Customers to support A Million Dollars Home.
-> It is like to sell Lamborghini 300K, you must sell to rich Customers who can afford Lamborghini.
4- Population increased. Demand side.
-> Each year Canada receives around 400,000 Immigrants. Most of them settle in Toronto big demand for both Home and Rent, thus push Home Price high
5- Inflation. Rent = 0. Only Home, Gold increase value. After 10y Car = 0, Money lost value.
-> Every thing, Price Up overtime. Cost of Labour, Salary (mini wage 20y ago 5$/h =800$/m -> 15$/h = 2400/m today in Ont, Canada), Materials, Lumber to Build Home. 20 y ago, Big Mac 1$, today 6$, up 6x.

2) In US, majority people Buy Home with Deposit 7%. Less than 20% requires to pay Mortgage Insurance PMI extra cost.
For example; 500,000$ Home needs only 7% Deposit = 35,000$. That's why people Buy Home do not talk about Deposit.
Buy 1 x Home 7% Deposit -> Then 20% Deposit, you can Buy 3 x Home, each 7%.
People high salary, or Rich, they Deposit at least 20%. But A Million Dollars Home required Deposit at least 20%.
=> If you can afford, put all money in Deposit at least 20% reduce Mortgage Debt -> Will save a lot interest payment. Do math.
=> Buy Home small Deposit, you are not out smart the Bank, their money. Also be fair for people Buy Home high Deposit.
=> People were sucked in to Buy Home with cheap Deposit because they think with small down payment, they also have home. Like TikTok.
=> Like 7% Deposit = 35,000$ Have Home 500,000$. Why pay high Deposit 20% = 100,000$ also Have Home 500,000$. You are not smart Buy Home small Deposit.  -> Says A Professor.
=> The Sales Man, Bank even want you to Buy Home with small Deposit like 7%, 10% for easy Sales, easy Buy and big Profit of Interest Payment.

In US, Canada, you can buy home with 5%, 10% Deposit or Down Payment. The small Deposit, will take longer to pay off Home 30y, 35y, 40y. And you pay more for Interest Payment not for Home Principle. People Buy Home with small Deposit because they have small salary, can't afford for big Down Payment, can't afford more years Saving.
For example; 20 years ago, A Couple working in Factory worked 15 years to Save 25,000$ in order to Buy Home in Toronto with 10% Down Payment (or Deposit) when Ave = 220,000$. Thus they can't afford 20% Deposit = 50,000$, because they must work 30y to save 50,000$. Then Home Price will Up in 30y, they miss. Can't wait that long. So most people have small Salary, normal Salary they Buy Home with 5%, 10% Deposit. Because they don't have big Salary at least 100K like Professor, Doctor ..

For Example; Big Deposit at least 25%, they can pay off Home in 15y, 20y. While small Deposit Pay Off Home 35 years = 15 years difference.
If their Mortgage = 3000$ / month for Home 500,000$. They pay more Interest Payment = Extra 15 years x 3000$ / mo x 12 mo = 540,000$ extra Interest Payment.
=> Interest Payment more than Price of Home 500,000$ they bought -> You are not out smart the Bank.
=> You work hard Pay Rent for the Bank. Actually, it's Bank's Home, their money. You think Bank stupid?
=> People don't have 500K, Buy Home only 35K small 7% Deposit. But almost people think they own Home 500K.

NOTE: Scientists, Behaviour Economists find that Human Nature's Behaviour is "Greed & Fear". They like to focus on "Gain ignore Lost". So the Bank, Sales Man want them Buy Home with small Deposit.
Because they understand Human Behaviour likes "Gains = Have Home with small 7% Deposit = 35,000$, self-smart, not 20% = 100,000$", and ignore "Lost = Big Interest Payment".
-> "Behaviour Economics is applied in Sales and Marketing for this case",  "You are not out smart the Bank, their money. Small Deposit for easy Sales, easy Buy and big Profit of Interest Payment."
-> "Most people think doesn't matter small Deposit 7% or Deposit 20%, they Have Home. No body knows. That's why they don't talk about Deposit." -> Says A Scientist Professor:
Behavioural Economics is the study of psychology as it relates to the economic decision-making processes of individuals and institutions.
It is leading to introduction of the respective principles that pertain to human behaviour -> Why people deviate from rational and irrational action when they're making decisions.
It helps Scientists, Economists create Economic Policy, Sales & Marketing, Understand Stock Market, Home Market, Pricing, Making Decision, Human Behaviour...

A Story: A man shows off his girl friend a beautiful home 500K to impress her. But he bought this Home only 25,000$ with 5% Deposit, pay off home in 35 years.
The girl doesn't know, mouse trap in 35 years debt. His Sales Man also mouse trap him into 35 years contract for easy sales, easy buy, big profit.
Sales Man said that " You can have this beautiful Home 500K for 5% Deposit 25,000$".  The Man doesn't know big Interest Payment. Just Get Home 500K for only 25K.
-> People poor because lack of Knowledge, lack of Data.
=> Honestly, at least 15 years, Buy Home since 2007, you can say your Home. Because your Home Equity like 51% more than the Bank 49%.
=> Says a Scientist Professor " FYB" (For Your Benefit). He wants people Deposit 20% FYB.

Update: November 28, 2021

1) Your Total Income = 60K. Can Afford Deposit = 50K -> Home Price Can Afford = $211,264. -> By Bank. Bank in business to Make Money. Avoid Risk. Not Charity. Live in Mobile Home or Rent. Unrealistic Expectation. Mouth -> See Theory #2. Click . 2) Today different with 20y ago. Tell the truth better than Unrealistic Expectation. 3) No One, No Bank even rich Canadian Banks can Reduce Home Price from A Million Dollar Home -> $211,264 Fit your Salary 60K. It is like to reduce Lamborghini 300K -> 30K.

How Much You Can Borrow From Bank Update: November 28, 2021 You need to provide these Info: 1) House Hold's Salary or Income: 100,000$, or 200,000$ (for A Million Dollars Home) NOTE: Few cases: 1) 1 x Income is your Income: 100,000$ 2)  2 x Income is Your Income = 50K + Partner's Income = 50K, a Couple's Income = 100K 3) 4 x Mini Wage Income  15$/hr = 4 x 28,800$  = 115,200$ 2) Total Expensive: 600$. Including: Car Loan, Debt, Credit Card ... -> Less Expensive better Loan, easy approved. 3) Down Payment (Deposit): 100,000$, or $300,000 (for A Million Dollars Home) -> More Deposit, better Loan. Reduce Interest Payment. 4) Mortgage Payment (Amortization): 30 years + Interest Rate in 2021: 2.95% Result of your Home Mortgage: - You can borrow a Home Price = $451,310 (100,000$ Deposit = 22%) or $1,010,092 (A Million Dollars Home) (300,000$ Deposit = 30%) - Your Mortgage after Deposit = $351,310 or $710,092 (A Million Dollars Home) - Monthly Payment = $1,466 / month or $2,964 / m (A Million Dollars Home) -> Very cheap than Rent - Your Closing Cost around 3% = $13,539 or $30,303 (A Million Dollars Home)

3) Vancouver Home Market in October, 2021. (8th Largest City's Population in Canada after Toronto, Province British Columbia)
- Ave Price = $1,199,400 (#2nd in the world) - Home Price: up 14.7% compare to last year Oct, 2020 $1,045,100
- Detached Home: $1,850,500 (#2nd in the world) - Sales: Down: - 18.4% compare to last year Oct, 2020
-> Detached Vancouver Price: Up 20.5% compare to last year Oct 2020 $1,523,800
- Attached Home: $975,000 - Sales: -22.9% - Price: Up 18.5% compare to last year Oct, 2020 $813,000
- Condos: $746,400 - Sales: 14.7% - Price: Up 9.5% compare to last year Oct, 2020  $683,500

4) Canada Average Home Price in October, 2021 $716,285 was released in Nov 15. (update Nov 15)
- Price Up: 18.2% . Sales Down: -11.5% compare to last year Oct, 2020. But Sales Up 8.6% month-over-month in October
- Last month September, 2021 $686,650. Data for Home Canada usually released late in 15 mid-month.

=> Ave Price of 10 biggest City's Population in Canada. This Not Ave Detached Price or Single Family Home.

For example; Ave Price = 1.1 millions = Average of All Properties Detached + Semi + Town Home + Condos had Sold. This Not Ave Detached Price or Single Family Home.
This is Ave Price and Ave Detached Home or Single Family Home in 51 States in US 2021: https://www.fool.com/the-ascent/research/average-house-price-state/

1- City of Toronto: $1,112,463 (1st Largest City's Population in Canada, Province Ontario)
2- City Montreal : $499,750 (2nd Largest City's Population in Canada after Toronto, City of Quebec Province)
3- City Calgary $460,100 (3rd Largest City's Population in Canada, Province Alberta)
4- Capital Ottawa $639,900 (4th Largest City's Population in Canada, Capital of Canada, Province Ontario)
5- City Edmonton  $377,848 (5th Largest City's Population in Canada,  Province Alberta)
6- City Mississauga in GTA  $1,119,800 (6th Largest City's Population in Canada, A District in GTA,  Province Ontario) See GTA Map
7- City Winnipeg  $318,400 (7th Largest City's Population in Canada, Province Manitoba)
8- City Vancouver $1,199,400. (8th Largest City's Population after Toronto, Province British Columbia)
9- City Brampton in GTA  $1,085,417 (9th Largest City's Population, A District in GTA, Province Ontario) See GTA Map
10- City Hamilton  $855,919 (10th Largest City's Population in Canada, Province Ontario)


Toronto Home Data of October 2021 last month released in November, 2021.

Home Average	Ave Price for October 2021	Last Month September 2021	Last Year, Oct 2020	Profit compared to last year The Power of Return of Real Estate in Toronto just 1 year is proven by Data
City Toronto (416) Toronto 9.6m = City of Toronto 3 m + GTA (District around Toronto) 6.5 m - City of Toronto Population 3 m. Center of Financial Hub, Stock Market TSX, Big Banks, Gov Agencies. - City of Toronto is Capital of Ontario biggest Province. Its Municipalities: North York, Etobicoke, Downtown, East York. Toronto is multi-culture more than 100 nationalities & languages. Next year 2021, 401,000 Immigrants come to Canada, most of them will settle in Toronto. Hundreds of thousands people look for place to live, which pushes the Demand for Housing in Toronto. Click See Map. -------------------------------- Toronto is the City, Ave Home Price rank in Top #2, #3 in the world, same as Vancouver. If you have Home, Ave Home Price tells How Much Rich, Wealth quickly. Says a Scientist Professor. -> Like you know quickly. 1) - Henry drives Lamborghini 300K is a lot richer than Peter drives Camry 35K. 2) - Jennifer has Home in Cali Ave Single Family, Detached Home Price = $727,828 is a lot 2x richer than Ana has Home in Texas Ave Home Price 247,212$, Florida Ave 297,390$,  Minnesota Ave 301,476$, Virginia Ave 328,640$ ... 3) - Dan has Detached Home in City Toronto 1.8M is a lot richer than Peter has Detached Home in GTA 1.45M. And Peter is a lot richer than Dave has Detached Home in Ottawa 725,000$. 4) - Dan has Detached Home in City Toronto 1.8M is as same as Dani has Detached Home in Vancouver 1.83M (#2 in the World). The different is only 50K not much when Ave Detached Home Price 1.8M. The difference between Dan and Peter has Detached Home in GTA is a lot 327,000$. 5) -> Dan has Detached Home 1.8M in City Toronto is double richer than Jennifer has Single Family or Detached Home $758,990 (highest, a record from MSN) in California. Big Double Difference  = 1,040,000$. 6) True Story: 4 Friends started Life = 0, 20 years ago.  20 years ago, Dan choose to live in big City Toronto. Henry liked to live in civil, nice, quite Capital Ottawa. Helen lives in US Texas. Peter lives in US, California, a US State very high Home Price. Rich people can afford to live in California. Four Friends have Home, working hard. Same. We want to know their Asset after working hard 20 years. Any one Becomes Millionaire. Look @ Home. We don't care their Salary, Car, Clothes, Mouth (Theory #7: 90% Asset is Home. Theory #4 = Home makes you Rich, Millionaire, not Salary, Car...) => After 20 years, 4 Friends paid off Home. Only Dan became A Millionaire. 1) Dan Asset = 1.8 M, Ave Detached Home 2021 in City Toronto = 1.8M. 20 years ago, Dan bought  Home in City Toronto, Ave = 220,000$. 2) Henry in Ottawa, Ave Detached Home 2021 Ottawa 725,000$. Henry's Asset = 725,000$. 3) Helen in Texas, Ave Detached Home 2021 in Texas 247,210$ Helen's Asset = 247,210$. 4) Peter in California, his Asset $758,990 is Ave Detached or Single Family in California (MSN, Ave Single Family = $758,990 highest on record in California in March 2021) => Henry in Ottawa, Helen in Texas, Peter in California regretted wasting 20 years. Do Math 5. You just need to know Ave Detached Home Price each Location in 2021 -> Asset. ROI (Return On Investment). We know Dan bought Home 20 years ago in City Toronto, Ave = 220,000$. But we don't know others. But we don't care. We just want to know Ave Price, Market Home Value of current year 2021. All about Ave Price is Official Data is used by Industry like MSN in other to calculate, compare fair Home Price between Cities, Countries, Global, not Mouth Data. Ave Single Family or Detached Home in Cali from MSN in March 2021, highest on Record in 2021 OR this Link: This is Ave Price and Ave Detached Home or Single Family Home in 51 States in US 2021: https://www.fool.com/the-ascent/research/average-house-price-state/ The Wealth Effect Theory #11.  "Home Expensive, A Million Dollars Home is  not because of Big Home, Small Home, Beautiful Home, but because of Location." Real Estate is about Location, Location, Location. Choose best Location to Live. Don't Live in Location because Home is cheap. Big mistakes for Henry, Helen Wasting 20 years of Life. A True Story. 1) What did you learn this Story? - A lot. 2) What Income of Henry, Helen will make them become Millionaire like Dan? - Need Salary 200,000$ -> 250,000$ / year continuously working for 40y. While Dan became Millionaire because of Home. 3) In 30 years you will pay off your Home. How much Asset do you have? - Look at Ave Price at Location -> Know "How Much Rich" For example; Helen in Texas must work hard 30y to pay off Home, but after 30y Saving only 247,210$. Helen Buy Home only 10y in 2012. Must work another 20y to have 247,210$ = Ave Home Price in Texas 2021. 4) Would you want to live in Texas to work hard 30 years in order to have 247,210$ or in Montreal $499,750? => No. You want to Live in Where's A Million Dollars Home. People are poor because they lack of knowledge and Data. Home is A Place to Live also A Biggest Investment Whole Life. -> Wasting 30 years of Life. A Story of 4 Friends Started Life = 0 Teaching A Big Lesson => See The Wealth Effect Theory #4, #6, #7. => A Canadian Scientist Professor applied his background as a Data & Computer Scientist + 30 years real Life Experience, Grow Up young @ 18, Live, Study, Make Ends Meet in Big City Toronto, his Home Town, where A Million Dollars Home created only few Cities in the World. He makes it clear for people understand.	$1,112,463 Ave Price = 1.1 millions = Average of All Properties Detached + Semi + Town Home + Condos had Sold. The properties sold spreading every where in the City.   -> Same calculation Ave Price to avoid "mouth data" specific expensive areas, downtown area, or pickup few luxury condos over 1-millions, or property not SOLD, my Home, his/her Home, their Home, this Area, that Area, this Street, that Street ... So many numbers, so many Data, "Mouth Data" very hard to Analyze, Not Official Data, inaccurate, unscientific, biased, mean Nothing, fake Data.   Scientists Don't Work on "Mouth Data" not Scientific, not Official Data. Can't Analyse. Can't Calculate. Mouth Data For example; Use Ave Home Price we can Calculate the Percentage (%) of Home Sales, Home Price...Then We can Analyze Home Market, Fore Cast, Evaluate... We work on one Number, one Data that is Ave Data, most accuracy, "Official Data", Scientific Data -> This Ave Data is calculated from thousands of Home Data had SOLD in a Platform's  Database Computer System. Their Developers design and program. Very complex coding Algorithm -> Says A Canadian Professor who is Teaching Data Management and Building Database, Software to manage & analyse data. For example, Hong Kong, Vancouver and Toronto, California, Texas, Canada, US and Europe -> Use same Ave Price Data easy to compare Home Price. For example, Ave Price Canada = $727,828, Ave Price US = $329,100. Ave Price Montreal = $484,255, Ave Price Toronto = 1.1m  -> "Official Data".  You can see the difference right away, scientific, fair calculation, accuracy. No mouth Data. No argument blah blah. Can't argue with Data. Different between Educated and Uneducated, between Science and Common, between exaggerate Mouth and Data, between Data Intelligence and Emotional Intelligence. Don't believe in Mouth, Eyes, Ears, Car, Cloths, FB, You Tube, Social Media ... But believe in Data. => No one keeps money in Bank Account, specially Rich people. -> If a person keeps money in Bank Account. Then he/ she is not Rich. - Ave Home Price is also used to compare Price between Locations, Cities, Countries in the World. This is Ave Home Price and Ave Single Family Home or Detached Home in 51 States in US in 2021: https://www.fool.com/the-ascent/research/average-house-price-state/ To know a person's Wealth: Home. 90% Wealth is Home according to The Wealth Effect Theory #7. (See WHY) 1) Ownership How Long at least 20y based on Age. Buy Home since 2007 less than 15y still Bank's Home. 2)  Deposit 5, 10, 20% to Buy Home. Before Buy Home, Work at least 10 years saving for Deposit depend on cheap or expensive Home. In Toronto need 25 years for Saving to Buy Home with Salary 200,000$. Ownership + Deposit -> let you know How Much Equity (Wealth) of this person and the Bank that lends money. Most people buy home to pay off 30 years. Unless they have big salary like Doctor, Professor... For example; Fake Debt Millionaire. + Location. Where Live. + Ave Home Price. Best estimate Home Price of this Location based on scientific Official Data from many Homes had SOLD in this Location. Not Mouth. Not my Home, his Home, their Home, a few Homes, and Not Yet SOLD, which does not reflect accuracy Home Price of this Location. => You must use Ave Home Price to compare Home Price fair between Location, City, Country. ->  Ave Home Price is like Ave COVID-19 Cases. => Good to know "How Much Rich" your Partner by looking @ Ave Home Price. No Home = No Thing. No blah. => 65% Canadian population are Middle Class have Home. According to The Wealth Effect Theory #7, Canadian Middle Class could be the richest Wealth Middle Class in the World. OECD's rank Canada Rank# 1 in Home Price Growth in most Housing Growth in the World since 20 y, 2000 -> 2021,  like 3x US, 6x Germany, 2x France, 2x UK, 24x Italy. OECD = Organisation for Economic Co-operation and Development. GDP / Capital: is Gross Domestic Product (GDP) divided by population. Measure "How Much Wealth / Person" of a country, Canada Rank #2 by World Bank. Home Price: Measure "How Much Wealth / Middle Class" have Home of a country. 90% Asset of Middle Class is Home. => Home Price & Canada's GDP/ Capital rank #1 or #2 in the World. Combine these 2 Data, we say that Canada is The Richest Country in the World => See Data Click here People are poor because they lack of Knowledge and Data. Home is A Place to Live also A Biggest Investment Whole Life. - Warrant Buffet said: " If you don't find a way to make money while you sleep. You will work hard until you die"  - Dan said: " Find a good Location and Live. You became Rich, Millionaire. Money grows while you Live." Scientists Talk by Data not Mouth.	$1,090,196     "- Mouth Data is self-speaking, self-smart, self-created, "I think so", people said so, direct from mouth, no source, not "official Data". Same as false information, blow up price, exaggerate." => When people want to Buy Home over 1 millions dollars. The first thing you ask is Salary: -> Are you Professor, Doctor, who have salary over $150,000 /year? If they are NOT, forget about it. Waste Time. Mouth. Average Single Family Home or Detached in 51 US States in 2021. California's Ave Single Family or Ave Detached Home = 684,000$, Vancouver, Toronto Ave Detached = 1.8 M. All is Data. No Biases. To compare Home Price between Location, City, Country, Global, Scientist used Ave Home Price. Not Mouth, My Home, His Home, Their Home .. This is Ave Home Price and Ave Single Family Home or Detached Home in 51 States in US in 2021: https://www.fool.com/the-ascent/research/average-house-price-state/ - Average home price in the United States in 2021: $374,900 - Salary needs to Buy Home in Vancouver, Toronto in Oct 2021 from 200,000$ https://www.msn.com/en-ca/money/video/toronto-millennials-apparently-need-to-save-up-for-another-lifetime-to-own-a-house/vi-BB1gxur5?ocid=hplocalnews - From National Bank. California Single Family or Ave Detached Home Price = $727,828 -> Salary requirement is: $109,525 -> Why needs Salary? - Because the Bank before lends you money, make sure that you have good income to pay mortgage every month after you pay debt, living expensive, tax. - Average Home Price in the Canada in November 2021: $716,825. Up 18.2% compare to last year Nov, 2020. - According to The Wealth Effect Theory #3 that Canadian Middle Class is richer than American Middle Class based on Ave Home Price of a whole country. Ave Home Price Canada = $716,825. vs. US Ave Home Price = $374,900.	$1,027,280	Profit = $85,183  ------------------------------------------------------ Every year. 65K -> 75K equals to salary 150,000$ /y returns. Thus: 1 x Home = 150,000$ / year salary return 2 x Homes = 300,000$ / year salary return 3 x Homes = 450,000$ /year salary  return " For example; You make 50,000$ / year. But after spending, minus for Tax, Rent, Car, Insurance, Food, Debt, Restaurant, Travel, Misc Spending, Phone... you have 6000$/ year return (as example. maybe more). That counts 6000$ / year not 50,000$. It doesn't matter How Much you MAKE. How Much you HAVE that counts. Millionaires make big money by brain. => How long do you work hard to Have 100K? - 10y, 15y, 20y, never?
Detached Home (Single Family Home) A Home stand alone on street. Size, area same as Semi Detached. Not bigger. In Canada, people like privacy, stand alone, even only 2 homes attached. That's why expensive. Ave Property Tax = 499$ / month. Detached: Click here - Ave Detached Home = Ave of All Detached Homes = 1.7M already sold that month in the City Toronto. Different with Ave  Price. - For example; Ave Home Price of City of Toronto = Ave Home Price of GTA  = 1.1M. But Ave Detached Home of City of Toronto = 1.7M is much higher than GTA = 1.3M -> Detached Home City of Toronto most expensive Home #1 in Toronto, #2 in Canada, and Number #3 or #4 most expensive Home in the World. Currently, Detached Home Vancouver #2 most expensive Home in the World. -> Categorized as A Million Dollars Home. => Ave Home Price of Detached Home Toronto = 1.7M, its "Real Price" could be 3M like this Home. => NOT FAIR, NOT ACCURATE, BIASED if compare Home's Real Price with Ave Price. Should use same Ave Home Price. => That's why for fairness, Real Estate Industry use Ave Home Price, same Calculation, same Rule, fairness to compare Home Price every where, every City, every Country. For example, MSN said :" the Average Sale Price of a single-family home in California hit a record $758,990" - The Wealth Effect Theory: Home + Location + Ave Price tell How Much Rich you are. No need Blah, Blah. For example; Compare California Ave Single Family Home = $758,990 (not Categorized as A Million Dollard Home) with Ave Detached Home Toronto = 1.8M (Categorized as A Million Dollard Home) -> Will tell you where is Richer Elites, who can afford Ave Home = A-Million Dollard Home. => We base on Ave Official Data, not Mouth. According to The Wealth Effect Theory #13 is -> A Home is categorized as A Million Dollard Home if its Ave Home is over A Million Dollar Home. This tells you that this Location has a lot of Richer Millionaire Elites who can afford A Million Dollars Home that they are pushing its Ave Home Price >= 1-Million Dollars. This does not happen easily to other Cities, Locations in the World.	$1,784,979   Price up 21.2% Home Sales Down: -13.1% - Compared to last year October 2020 If you invest 300,000$ for 20% Deposit to Buy a Detached Home 1.48M in City Toronto last year 9/ 2020. Then travel -> After 1 year, You will have Profit  $291,806 = 97% ROI (Return On Investment). Proven by real Data of Number so that you can see easily. - How long do you work in order to have 300K? - 10 y, 15y, 20y?. With salary = 100K, after paid for big Tax, Mortgage or Rent, Car, Food, Living Expensive, Travel ...-> You have to work very hard 15 years in order to save 300K. For example; If you live in California, Ave Mortgage Payment (Big Mortgage) to Media (Ave) Income = 56% + Tax = 30% (Big Income > 100K). Thus after Tax + Mortgage = 80% of Gross Income. You have left only 20% for Car, Car Loan, Gas, Insurance (Home + Car + Others ...), Food, other Living Expensive, Phone, Entertainment, Restaurant, Drink, Travel... See Link Ave Home Price in 51 US States: https://www.fool.com/the-ascent/research/average-house-price-state/ . Not much Saving with Salary 100K to live in Cali with Ave Single Family or Detached = 758,990$. Home sucks 1/2 Income every month. If you already owned Home -> You OK. => This Cali is applied as same as Vancouver, Toronto Ave Detached = 1.8M. The Wealth Effect Theory: Home + Location + Ave Price tell How Much Rich you are. No need Blah, Blah. => Do not worry about Price. Worry about if there are people's Demand with that Price. For example; A Home is categorized as A Million Dollars if its Ave Home Price is >= A Million Dollars. Like Detached, Semi Detached Home in Toronto. - Detached Home City of Toronto most expensive Home, #1 in Toronto, #2 in Canada. -The Average Single Family Detached Home in California in March, 2021 highest on record was: $758,990, a 23.9% increase from a year ago. From MSN: - March 2021 was the highest Home Price on record ever in US & Canada. After March, 2021, US & Canada Home Price decreased a little bit, or flat. California has highest Home Price in US. - Single Home Family or Detached Hone in California AVE = $758,990 is a lot less near 1/2 than Detached Home in City Toronto AVE = 1.8M. - Scientists recommend use Ave Home Price like MSN if you want to compare Home Price between Location, City, Country, Global. Not MOUTH used by common people like my Home, his Home, their Home...	$1,778,928 Last month People who cashed out or sold home previous peak was not only Lost = $ 200,000 in 4 years, but also lost 4 years RENT = 3000$ x 12 x 4 = $144,000. Total Lost = $200,000 + $144,000 + $50,000 Commission & other moving cost= $400,000 and  could not come back Buy Home. You can't time the Market. Home like Stock, sometime, just 1 month Home Price up 30%. Because take a month for Home update Price. For Stock in second. -> So fast. Bang! You can't jump in time to Buy. Lost opportunity. Property comes Down always back Higher in the last 30y. Hold for Long Term 20y. Let compound Interest work for you. Do not worry about Price. Worry about if there are people's Demand for that Price. If not, Price goes Down self-correction. Mac Donald's Big Mac 20 years ago 1$ dollar. Today 6$, 6x more because of 1) Inflation. Money, Car lost value overtime. Home, Gold increased value. 2) Cost. 20 y ago, Labour 5$/ hr, today 20$ /hr, 4x increased, as same as Materials, Lumber...	$1,470,857 Price last year October 2020	Profit  =  $314,122  If you invest 300,000$ for 20% Deposit to Buy a Detached Home in Toronto last year, you will have Profit  $291,806, 97% Return on Investment ------------------------------------------------------ -> For Detached Home, 3x more than Ave return 65K -> 75K every year Before COVID-19, In Feb, 2020 Detached Home = 1.48 millions. Post Lock Down COVID-19, In June, 2020, Detached = 1.52 million dollars. At peak before COVID-19, Detached Home in Toronto = 1.57 millions dollars
Semi-Detached Home 2 Home attached, not separated on street. Size, area same Detached home. Every day, easy go to work & back home. Your car is in front of the house. - Ave Property Tax = 299$ / month - At any time, you can always upgrade from Semi- Detached to Detached Home easily, because you  already had Home, and had paid mortgage at least 10y. -> Semi Detached Home City of Toronto most expensive Home #2 in Toronto, and #3 in Canada. -> Categorized as A Million Dollars Home.	$1,322,229 Price Up: 14.4% Home Sales Down: -11.1% - Compared to last year  Oct 2020 If you invest 220,000$ for 20% Deposit to Buy a Semi-Detached Home 1.14 M in City Toronto last year 2020. Then Travel. -> After 1 year, you will have Profit $158,945 = 72% Return. Proven by real Data of Number you can see easily. - Single Home Family or Detached Hone in California $758,990 is a lot less  than Semi-Detached Home in City Toronto = 1.3M.	$1,304,504 Last month -> Does it jump too much? Actually it was 1.1m already 4 years ago at peak 2017. Its highest Price was last Feb, April 2021 = 1.32m -> It ups from last peak to this peak = 224,000$ or  20% -> People who cashed out or sold home previous peak was not only Lost = $ 224,000 = 20% in 4 years + Pay Rent in 4 years = 3000$ x 12 x 4 = 144,000$.Total Lost = $ 224,000 + 144,000$ + 50,000$ commission = 418,000$. Because of selling their Home. 2 but also could not come back Buy Home. Should hold Home for 20y to see Profit. Home or Stock, long-term working. (update Aug 14,2021)	$1,154,087 Price last year October 2020	Profit = $168,142  If you invest 220,000$ for 20% Deposit to Buy a Semi-Detached Home in Toronto last year, you will have Profit  $158,945 or 72% ROI ------------------------------------------------------ -> For Semi Detached Home, 3x more than Ave return 65K -> 75K every year Pre COVID-19, In Feb, 2020 Semi-Detached Home = 1.20 millions. Post Lock Down COVID-19, In June, 2020, Semi = 1.29 million dollars.
Town Home Town Home is not on the street like Detached, Semi Detached. A Community, Village of Home, a lot of them, hundreds, thousand built close together. Some Communities of Home include sharing swimming poor, school, gym ..like a Village.	$1,025,257 Price Up: 23.5% Home Sales Up: 5.4% - Compared to last year  Oct 2020	$930,056	$828,090 Price last year Oct 2020	Profit = $197,167  ------------------------------------------------------ Pre COVID-19, In Feb, 2020 Condos = 846,465$ Post Lock Down COVID-19, In June, 2020, Town home = 853,339$.
Condos Apartment, including sharing swimming pool, gym ...	$739,647 Price Up 10.6% Home Sales: 33.7% - Compared to last year  Oct 2020 - Condos in City Toronto back. Demand high -> Price high. During COVID-19 last year, people move out Condos in City to GTA.	$744,730	$668,161    Price last year Oct 2020	Profit =  $71,486  Pre COVID-19, In Feb, 2020 Condos = 722,675$ Post COVID-19, In June, 2020, Condos = 672,465$.
GTA (905) GTA = Greater Toronto Area. Suburban Districts outside of City of Toronto. Population 6.5m. Districts: Mississauga, Vaughn, Markham, Brampton ... Click See GTA Map. NOTE: Before COVID-19, GTA Ave Home Price and GTA Detached Home under 1-Million. During COVID-19, people move out the City of Toronto to GTA, suburban districts around Toronto. Which is pushing Home Price in GTA, Ave Home  = 1-Millions and GTA Detached-Home = 1.3 M.	$1,115,345	$1,136,280	$968,318 Price last year Oct 2020	Profit = $147,027 ------------------------------------------------------
GTA Detached Home -> GTA Detached Home most expensive Home #3 in Toronto, and #4 in Canada -> Categorized as A Million Dollars Home.	$1,459,083 Price Up 31.4% Home Sales Down: -31.1% NOTE: Before COVID-19, GTA Ave Home Price and GTA Detached Home under 1-Million. During COVID-19, people move out the City of Toronto to GTA, suburban districts around Toronto. Which is pushing Detached Home Price in GTA same Semi-Detached Home Toronto.	$1,451,471 Last month   Actually it was 1.09m already 4 years ago at peak 2017 then Price cooling down. Its highest Price was this month March, April 2021 = 1.32m (update April 19, 2021) -> It ups from last peak to this peak = 221,000$ or  21%	$1,104,866 Price last year Oct 2020	Profit =  $354,217   Data Compare to last year Oct 2020
3 bed rooms, 2 bath rooms - All in City of Toronto		How much you think this Home:  Click here

We will continue updating more details soon...

Update October, 2021


Toronto Home Market including GTA and City Toronto for September 2021 was released in October, 2021.
Usually, fall season market is typically busy with higher sales volume and price higher.
- In City Toronto in September 2021, Ave Price = 1,090,196 million. Compared last year September 2020 = $1,022,227.
- In City Toronto (416), Detached Home = $1,778,928 up 19.5%. Compared last year September 2020.
- Semi Home = $1,304,504 up 13.9% compared to last year September 2020
- In GTA (905), Average Price = 1,136,280 million compared to last year September 2020 = $960,613.
- In GTA, Detached Home = $1,451,471 up 31.4%.
- Home Sales: In September 2021, GTA Home Sales Down -18% compared to last year on record September 2020. However, Sales increased relative to August, 2021 last month. Which means Sales in September, 2021 begins picking up trend after many months down trend.
- Home Price: GTA Ave Price for all home types combined $1,136,280, Up +18.3% compared to September 2020.

Important News

1) Why Home Sales Down like 4 months continuously. But Home Price Up? -> Because lack of Supply.
- To reduce Home Price must increase more Home Supply.
 

Why does Home Sales demand decrease -18% But Home Price increases? A Scientist Professor explains:  The total number of sales was down -18 % from 2020’s record September result, in large part due to the lower number of new listings, which were down -34%  from the same time last year. Home Sales down on a Demand curve when the demand shift left D1 -> D2 decreases, because Home Sales down -18% in September, 2021 -> The Home Price will decrease from P1 -> P2. While lower Quantity Home Supply reduces Q1 -> Q2 However Home Listing Supply for Sales down on Supply graph, when the Supply shifts to the left S1 -> S2  also decreases, because Home Listing for Sales down -34% in September, 2021 -> The Home Price will increase from P1 -> P2. While lower Quantity Home Supply reduces Q1 -> Q2 These Home price movements are traced out by left shifts of the Supply & Demand curve and they continue until the new market equilibrium is reached. Since both Home Sales Listing Supply reduced -34% and Home Sales Demand reduced -18%   As a result Both Demand & Supply are trend down. Thus Home Price will not decreased, stay the same, or Higher when Supply trending down more, S1 shift Left to S2 more: Supply S1 -> S2, Quantity Lower Q1 -> Q2  => Price P1 -> P2 higher. What happens when Increasing Home Supply? => Home Price is decreased. - When Home Supply increases -> Quantity increases: Q1 -> Q2 -> Supply Curve shifts Out or shifts Right S1 -> S2. -> As a result, Home Price decreases. P1 -> P2

Toronto-area Home Sales down -18% in September, but Home Prices continue to rise — Why? - A Scientist Professor Explains   Home Sales is Demand curve. When it Shift Left Because Lower Home Sales - 18%, like September, 2021 Demand: D1 -> D2 -> Home Sales Down. Quantity: Q1 -> Q2 = Down Price: P1 -> P2 = Lower Price Home Sales Listing is Supply curve. When it Shift Left S1 -> S2 ->  Because Home Listing Down drop 34%, like September, 2021 Quantity: Q1 -> Q2 = Home Supply Down. -> Price: P1 -> P2 = Price Up Price Equilibrium, not changed much, when both Demand & Supply down in balance -> Home Price is Equilibrium. Price not down much

2) This is not Millionaire but A Million Dollar Debt.
- A person says: - I live in A Million Dollar Home is worth 1.8 million dollar. But He bought this Home few years ago with Deposit 10% = 180,000$. He still owned the Bank 1.62 Million dollars. Thus I am in Debt = 1.62 Million dollars. Need work hard 30 years, 35 y, 40 y to pay off Debt = 1.62 M dollars.
- Mortgage Debt is not Credit Card Debt. You have to pay back on time for Bank + Interest. Or Bank will take your home away.
-> This is called "Fake Debt Millionaire". Too much Debt Leverage. Be careful. Buy Property with small like 5% Deposit. See a lot on TikTok.

3) Why Home Sales down a lot compared to same period of last year 2020 in COVID-19?
- Because last years 2020 during COVID-19, Home Sales on record because low Interest Rate on record in history like 0.25%.
- Home Sales Down but Home Price Up -> See we prove above.

4) Vancouver Home Market in September, 2021. Update October 16, 2021
- Ave Price = $1,186,100 (#2nd in the world) - Home Price: up 13.8% compare to last year September, 2020
- Detached Home: $1,828,200 (#2nd in the world) - Home Sales. Down: - 27.9% - Home Price. Up 20.4% compare to last year September, 2020
- Attached Home: $963,800 - Sales: -20.8% - Price. Up 17.5% | Condos: $738,600 - Sales: 1.6% - Price. Up 8.4% compare to last year September, 2020

5) Update: October 17, 2021
- Average Single Family Home (Detached) in 51 US States latest in Oct 2021: https://www.fool.com/the-ascent/research/average-house-price-state/
NOTE: Ave Single Family Home or Detached in Vancouver, Toronto: 1.8 M. We used Data only. Not Mouth.
All is Data. No Biased. To compare Home Price between Location, City, Country, Global, Scientist used Ave Home Price. Not Mouth, My Home, His Home, Their Home ..
- Average home price in the United States in 2021: $374,900


- Salary needs to Buy Home in Vancouver, Toronto in 2021 is 200,000$ + 25 years Saving for Deposit - From National Bank
https://www.msn.com/en-ca/money/video/toronto-millennials-apparently-need-to-save-up-for-another-lifetime-to-own-a-house/vi-BB1gxur5?ocid=hplocalnews
-> Vancouver, Toronto Single Family or  Ave Detached Home Price = 1.8M -> Salary requirement: $200,000
-> Why needs Salary? - Because the Bank before lends you money, makes sure that you have good income to pay mortgage every month after you pay debt, living expensive, tax. And the Bank also looks at your Income, Job to determine what kind of Home Price that fits your Income, Job.

- Average Home Price in the Canada in September 2021: $686,650. Up 13.9% compare to last year Sep 2020.
- According to The Wealth Effect Theory #3 that Canadian Middle Class is richer than American Middle Class based on Ave Home Price of a whole country. Canada Ave Home Price = $686,650. vs. US Ave Home Price = $374,900.

 

Update September, 2021 

- In City Toronto August 2021's Year-to-Date, Ave Price = 1,042,869 Million. Compared last year August 2020 = $985,933.
- In City Toronto (416), Year-to-Date Detached Home = $1,700,000 up 14.5%.
Semi Home = $1,280,000 up 9% compared to last year July 2020
- In GTA (905), Year-to-Date Average Price = 1,073,696 Million compared to last year July 2020 = $951,219.
- In GTA, Year-to-Date Detached Home = $1,324,393 up 29.4%.
- Home Sales: August 2021, GTA Home Sales Down -19.9% compared to last year August 2020.
- Home Price: GTA Ave Price for all home types combined $1,070,911, Up 12.6% compared to August 2020.

Important News

1) Canada in the Election of Federal Government happens in Monday, September 20, 2021.
=> The current Government is the Liberals. Affordable is an important issue of many main issues are: Climate Change, Health Care, Affordable, COVID-19 Vaccine, Child Cares, Gun Control. Reconciliation...
Affordable: includes: Housing, Inflation, Living Expensive, Rent ... 

2) Toronto includes City Toronto (416), GTA (905) is very important Region. No Party could win Government if not win Toronto according iPolitics.
-> Toronto is the most diverse City in the world. GTA is even more diverse than City Toronto  =>  "Once again, GTA may hold the key to power"
-> According to Official Data, more than half or more than 50% the Canadian Residents of Toronto were born outside Canada. Not including their children born in Canada. Blacks 9%.
-> Including 9% Blacks, thus around 60% people live in Toronto are diverse background.

In Ontario Province's Toronto and GTA Election Map in last Election 2019. -> All Red Liberals over on the Map in Toronto, GTA more than 50 seats, Conservatives in Blue had 8 seats, NDP 0 seat. -> The Election 2021 repeated like this Map of Election 2019. All Red Liberals covered over the Map with Red Color. Conservatives lost 1 seats in GTA (905) total 32 seats to 25 Liberals/ 7 Conservatives seats. City Toronto (416) won by Liberals 25/ 25 seats. The only different between Election 2019, Conservatives won 8 seats, and 2021 won 7 seats in GTA in same Seats in Election 2019. -------------------- - The Map of Election 2015: The Red Liberals all over Toronto, including City Toronto won all 25 of 25 Seats. In  GTA = Lib won 24 in 29 Seats. Conservative won 5 seats in GTA. Conservative No Seat in City Toronto in Election 2015, 2019, 2021. --------------------------------------------- Usually people vote without paying attention to Data. So we have a Canadian Scientist Professor makes sense of Data for you to make decision better. Specially undecided people vote strategically. People in GTA, in a tight Election you hold the Balance of Power, the Key to Power, you have to go to vote -> Let's Share Data. As a Canadian, let's Vote. Let your Voice hear. It is Democracy. If you don't participate, you lost your Right, your Freedom, your Voice. Remember, Poll doesn't count big number of undecided people, swing voters, who vote strategically.

Toronto includes City Toronto and GTA is very important Region. No Party could win Federal Election if not win Toronto more than 50 seats. Last Election 2019:   Election 2019. City Toronto (416) Results 25 seats Seat count: Liberals: 25 Conservatives: 0 NDP: 0 Green Party: 0 People’s Party of Canada: 0 Click See Map.   Election 2019. GTA (905) Results 31 seats Seat count: Liberals: 23 Conservatives: 8 NDP: 0 Green Party: 0 People’s Party of Canada: 0 GTA including Regions: Durham Region, York Region, Halton Region, Peel Region. The Liberals won almost seats in GTA. 8 seats Conservatives won in GTA: 1) Wellington-Halton Hills: Conservative Michael Chong 2) Dufferin-Caldeon: Conservative Kyle Seeback 3) Thornhill: Conservative Peter Kent 4) Markham Unionville: Conservative Bob Saroya 5) Durham: Conservative Erin O’Toole, current The Leader of Conservatives Party. 6) Oshawa: Conservative Colin Carrie 7) York-Simcoe (some where @ East Gwillimbury on Map): Conservative Scot Davidson 8) Aurora-Oak Ridges-Richmond Hill (2, 3 on the Map): Conservative Leona Alleslev Click See Map.   1) In Election 2021, The PPC Far Right Party polling 6% of population support higher than Green Party 4.7%. PPC was not allowed on TV to debate in Canadian Election, but Green Party (Left) did, although its population support more than Green Party. PPC didn't have any seat in Canada Election 0 seat. Green Party 3 seats in 2019 Election. -> The Conservatives Party (Right) traditionally has strong hold in Province Alberta 33 seats (oil & gas Industry, Producer, farming, cowboy hat, prairies) won all 33/33 seats, and Prairies Province Saskatchewan 14 seats, it won all 14/14 seats. Both provinces 47 seats. Calgary is City of Alberta. -> The Liberals Party (Center) strong hold in Toronto including CityToronto 25 seats, it won 25/25, GTA districts around Toronto 31 seats, it won 23/8 seats in last Election. Toronto = Both City Toronto (416) + GTA (905) = 56 seats. Toronto 9.6M population is biggest city of Canada, bigger than New York City 8.5M. Toronto is biggest Center of Financial Hub and Manufacture Hub of Canada. Toronto hiccups, Canada gets flu. => Data from last 3 Elections telling that -> Once again, GTA may hold the key to power, the balance of power. If a Party wants to form Government, it must win a lot of seats like 80% seats in GTA. For example, in Election 2019 the Liberals won Minority  23/31 seats or 75%  in GTA, the Election 2015, the Liberals won Majority  24/29 seats or 83% in GTA,  the Election 2011, the Conservatives won Majority 32/ 47 seats or 68% in GTA. Must win like 80% seats to win Election Majority.  -> In City Toronto (416), biggest Center of Financial Hub and Manufacture Hub of Canada. The Liberals always won big back to many Elections: 2004 = 22/ 23 seats, 2006 = 20/ 23, 2008 = 21/ 23, 2011 = 6/ 23, 2015 = 25/ 25, 2019 = 25/ 25. Only one exception in 2011 Election. From Data, the Conservatives, the NDP had been shut down out of City Toronto (416) completely. -> Thus GTA (905) holds the Key to Power. Let's see next Monday, September 20. " Strategic Voting, Efficient Voting. Make your Vote counted, worth it, not waste. You Vote to Win. You don't vote for the Losers even sound good. People said. Because they never won. Your Vote is wasted. Although you love them. Voters are smart today. " - Says a Canadian Scientist Professor who lives in Toronto 30 years. He talked to a lot of people every Election. They said so. What is Vote to Win? - Vote to Win is Strategic Voting, Efficient Voting. Make your Vote counted, worth it. Not waste. You Vote for the Winner based on Data, past Performance. Because in the end only one Party Winner that runs the Government. Thus your Vote counted. The other Party in 2nd, 3rd..good platform, good promises, sound good.. don't matter any more. Nothing wrong with them. Their platforms are good too. They are considered as Losers, because they lost Election. They can argue right or wrong in Democracy of Parliament, but only one the Winning Party that runs the Government based on its Platform that counts. 2) - In Election 2019, The Liberals (Center) won all seats in Toronto. The NDP (Left), Green (Left), The Conservatives (Right), PPC (far Right) had been shut down out of Toronto completely. The Liberals won all seats in City Toronto (416) and GTA (905). The Conservatives only 8 seats in Suburban, NDP = 0 seat. The Liberals won the Election 2019. 3) The Election 2015, the Liberals with new Liberals Leader Justin Trudeau, it won City Toronto 25/ 25 seats. Took all seats of the Conservatives back won 24/ 29 seats in GTA -> Brought them Majority in power in 2015. NDP lost 3 seats incumbent to Liberals. NDP was crushed out Toronto completely = 0 seat. 4) The Election 2011, The Liberals lost the 2011 Election to Conservatives of Stephen Harper won 32/ 47 seats in GTA. -> The traditional Liberal stronghold that has kept the Greater Toronto Area (GTA) mostly red for decades suffered a devastating blow. The Liberal Leader Michael Ignatieff losing his own seat in Etobicoke-Lakeshore of City Toronto. See map. The Liberals won only 6 of 23 seats in City Toronto. It is the only Election 2011 that the Liberals lost in City Toronto (416) => From Data, any Party wants to form Canada Government must win BIG in Toronto, including City of Toronto (416) and GTA (905). And GTA holds the Key to Power.

3) The Result of Canada Election 2021: The incumbent Liberals won the Election 2021, Minority 160 seats (update Sep 21/ 2021)
- Liberals: 160 seats - Conservative: 119 seats - BQ (Block Quebecois): 32 seats - NDP: 25 seats - Green: 2 seats - PPQ: 0 seat.
- To be Majority, a Party must win: 170 seats.
- City of Toronto (416) 25 seats: Liberals Party won 25/ 25 seats. In 2019 Election 25 seats: Lib won 25 seats
- GTA (905) 32 seats: Liberals Party won 25 (Lib) / 7 seats (Con). In 2019 Election 31 seats: 23 (Lib) /8 seats (Con)
- The Map 2021 looks Red like 2019 covered by Red Liberals. The Conservative lost 1 seats in GTA.
- The Liberals won almost all 90% seats in Toronto Election 2015, 2019, 2021, except Election 2011.
=> The Conservative wants to win the next Election, it has to win big like 90% of all Seats not only in City of Toronto but also in GTA. It is hard because traditionally the Liberals won 90%-95% all seats in City Toronto in the last 20 years, and 100% seats in last 3 Elections 2015, 2019, 2021 Election. Except Election 2011, Conservative won Majority. It won Con's 17 seats / Lib's 6 seats of 23 seats in City Toronto.

=> Conservatives lost Election 2021 not because of the Provincial Conservative Alberta can't control COVID-19 crisis. It lost only 4 seats in Alberta 30/ 34 seats. Nor many other issues. But because it can't win  BIG in Toronto 57 seats. Which has happened the same Result in the last 3 Election: 2015, 2019, 2021. That's why Leader of Conservative Erin O'toole moved the Right Wing Party to Right-Center (the right move, look more "moderate" ) in order to attract voters in Toronto used to vote for Liberals (Center). But unsuccessfully to attract Voters in Toronto including City Toronto (416) and GTA (905)..
=> Giving other Regions, Provinces voted as usual easy to predict, any Party wants to form Government it has to win BIG in Toronto. And the Liberals won BIG in Toronto this Election 2021.
=> To win Majority, Conservative Party must win All seats it won 2021 Election = 119 seats + 90% All seats Toronto = City Toronto 25 seats + GTA 32 seats = 57 seats.
=> So far it won only 7 seats in GTA (905) and 0 seat in City of Toronto (416) in the last 3 Elections 2015, 2019, 2021. It has to take back all seats the Liberals won in Toronto.

Thus Toronto 57 seats is the Key to Power Majority for Conservative Party must win all 90% or 50 seats.
No Party could win Election and form Government if not win BIG in Toronto.

This is GTA or Greater Toronto Area (905) Regions: 32 seats. Conservative won 7/ 32 seats in GTA. Liberals won the rest 25 seats. 1) Durham Region = 5 seats , Conservative =2 seats DURHAM: - ERIN O’TOOLE (Conservative) - The current Leader of Conservative Party OSHAWA: COLIN CARRIE (Conservative) 2) Halton Region 5 seats, Conservative 1 seat WELLINGTON-HALTON HILLS: - MICHAEL CHONG (Conservative) 3) Peel Region 12 seats Conservative 1 seat DUFFERIN-CALEDON: - KYLE SEEBACK (Conservative) 4) York Region 10 seats, Conservative 3 seats KING-VAUGHAN : - Ana Roberts Conservative THORNHILL: - MELISSA: - LANTSMAN (Conservative) (some where in between, under Vaughan, under Markham, above North York on Map): YORK-SIMCOE: - SCOT DAVIDSON (Conservative) (some where @ East Gwillimbury on Map): City of Toronto (416): 25 seats. See Map The Liberals won all 25 seats in the last 3 Election: 2015, 2019, 2021

The Map of Toronto is big, 9.6 M population, bigger than New York City 8.5M, including GTA or Greater Toronto Area (905) Regions and City of Toronto (416)

Again, Conservative and NDP were shut down completely out of Toronto including City Toronto and GTA. Liberals won BIG all 25 seats in City Toronto (416), and almost seats in GTA (905) 25/7 seats. Toronto's Map is covered with red Liberals.

It is Toronto's Voters that helped Liberals in power in the last 3 Elections, 2015, 2019, 2021.
 

Update August, 2021

- In City of Toronto July 2021's Year-to-Date, Ave Price = 1,047,681 Million. Compared last year July 2020 = $980,148.
- In City of Toronto, Year-to-Date Detached Home = $1,700,000. Semi Detached Home = $1,300,000
- In GTA, Year-to-Date Average Price = 1,074,113 Million compared to last year July 2020 = $903,401.
- Home Sales: July 2021, GTA Home Sales Down -14.9% compared to last year July 2020.
- Home Price: Ave Price for all home types combined $1,062,256, Up 12.6% compared to July 2020.

=> We will continue more detail Data for month July, 2021..

Important News

1) Home Price and Home Sales compared to last year double digits increased. Compared to previous few months, it decreased a little bit.

2) Update Mortgage Rule or Stress Test people can afford Interest Rate hit 5.25% in effect June, 2021 -> Doesn't effect much the Price.

3) The Millionaires. Across Canada, only people live in Toronto, Vancouver, who bought Home at least 20 years, at least 20% Deposit, not 5%, 10%. Which means 20 years ago, you must have high salary. Like stock people don't hold it for 20 y, people don't live at a place for 20 years. They move, mobile because many reasons like change job, sold home, lost home... But if You live and have home at least 20 years, Buy Home with at least 20% Deposit in:
- In the City of Toronto, you have: 1) Detached Home. 2) Semi Detached Home -> You are Millionaire.
- In GTA, you have: 1) Detached Home -> You are Millionaire.
- In Vancouver, you have: 1) Detached Home -> You are Millionaire.

Millionaire =  All Assets of Home (90%) + Car + Jewry + Cash ... - All Debts of Mortgage Debt (biggest) + Credit Card Debt + Car Loan + Student Loan ..

Millionaire is Millionaire. 1.3 Millionaire, 1.7 Millionaire, 1.8 Millionaire, 100 Millionaire ... Same as Millionaire

For example: A Millionaire couple. No one says: A 5 Million Dollars couple or A 10 million Dollars couple or A 100 million Dollars couple. People say: " A Millionaire couple".

No one keeps a lot money, cash in Bank account became useless, lost value by Inflation, no Return. They put money, invest in Real Estate, in Home more safe, more Return On Investment (ROI).  Every year, Home returns average = 6%, This 6% translates A Million Dollar Home in Toronto returns on average = 60,000$ / years = Salary of $100,000 after Tax. This year, in Toronto, Home Price Index Up or Returns ROI  = 19.9%. Detached = 11.5%.
You keep money in the Bank, it returns around 3% lost value by Inflation. 6% in Real Estate is different with 6% in Stock, Bank because of Leverage.
For example; You invest 200,000$ in Stock returns 6% each year = 12,000$, in Bank Account return 6% / year = 12,000$. You buy A Million Dollars Home 20% Deposit, return 6% of A Million Dollars = 60,000$. Your leverage = 800,000$ from borrowing the Bank. The same 6% but different Return On Investment, in Real Estate 5x more ROI.
For example; If you invest $300,000 last year to buy a Detached Home in Toronto with 20% Deposit. This year 2021, it returns 11.5% = 176,230$ profit. If you keep 300,000$ in Bank account with Interest = 5%, ROI profit = 15,000$. You invest $300,000 in GOOGLE stock in 2020, ROI = 15.32% =  45,960$ not including Tax you must pay. After Tax around = 39,000$. And you still pay Rent.

A big difference Profit (ROI) to invest in A Million Dollars Home Toronto, Stock, Bank Account (Update August, 2021)
Invest $300,000 in Home in Toronto ROI (Return On Investment) 11.5% = 176,230$, Bank interest rate 3% ROI = 9,000$, Google Stock in 2020, ROI 15.32%  = 39,000$
NOTE: Average Stock return 10% a year. Although very risky could lost all. And you still pay Rent.

Every year, A Million Dollars Home (Detached or Semi Detached Home) in Toronto returns (minimum) Ave 6% = 60,000$ / years = Salary of $100,000 Net Income after Tax => 2 x A Million Dollars Home returns = 60,000$ x 2 = 120,000$ = Salary of  200,000$ / year / every year. The difference is salary 100,000$ after Tax you have to spend for Living Expensive. But the Profit from Home Investment goes direct in Home bank. Make you rich fast.
That's why 20 year ago Ave Home Price = 220,000$ -> Now = 1.1 Million dollars. Your Home's Bank is growing fast, rich fast. You save more than salary 100,000$.
=> According to National Bank and our Data, your salary after paid for  Tax, Living Expensive, Car Expensive, Home or Rent Expensive, you can save around 10% of your salary. Thus 100,000$ save around 10,000$ / year. Take 6 years to save 60,000$. While Home in Toronto return 6% = 60,000$ just 1 year.

A true Story: Professor understanding Professor. We know A Professor's salary 120,000$, after 10 years, he managed to save 120,000$ after paid for 1) Tax, 2) Car Expensive, 3) Living Expensive, 4) Shelter Expensive. In 20 years he saves 240,000$. If he Buys Home in Toronto 20 years ago, now Ave Home Toronto = 1.1 m, his wealth growing = 60,000$ x 20 = 1.2 m, became Millionaire.
=> Toronto's A Million Dollars Home returns profit 5x times more than salary 120,000$. See The Wealth Effect Theory # 4.

A Million Dollar Home, Detached or Semi Detached Home, in Toronto returns profit every year on average 5x times more than salary 120,000$ in the last 20 years. Which means you don't have Home in Toronto, in the last 20 years, you make 120,000$ / years continuously for 20 years, you have less wealth, less richer 5x times than Having Home in Toronto. See Professor's true Story.
=> Do you have big salary 120,000$, $150,000 in the last 20 years? - No need blah blah. (Update Aug 2021)
=> Your 120,000$, 150,000$ big salary working continuously in 20 years is still poorer 5x than Having Home in City of Toronto 20 years.
=> The Power of Return Profit ROI when you invest in luxury A Million Dollars Home. See The Wealth Effect Theory # 4. 


Thanks to A Canadian Scientist Professor has proved using Data, not mouth, and his experience of Home in Toronto, living in Toronto 30 years, so clear that you can understand easily. With background as Data & Computer Scientist, Economics, He has been doing Research about Home Data in Toronto for many years. People don't live in Toronto, don't have experience of Home in Toronto will not understand Home in Toronto.

Why Home is the biggest 90% asset? - Home is the biggest Investment. No Home is Nothing. (Update July 22, 2021)
- Because the salary, the money of people live in industrialized countries like US, Canada, Europe, Japan, made every month, after minus paid for Tax (Income Tax, Other Tax..) + Car Expensive (car payment, car insurance, car maintenance, gas...) + Other Living Expensive like: Phone, Grocery, Food, Drink, Restaurant, Clothes, Beauty, Shopping, Entertainment, Travel, Health, Chile Care, Misc Fees, Debt  ... already take away 50% - 55% of money they made every month. Then 40% - 45% of money pay for Home Expensive like Mortgage, Property Tax, Home Maintenance, Home Insurance, Utility (Electricity, Heat, Water..)... They have very small saving for other Investment. Home and Car are biggest expensive must pay, more than 1/2 income. Car depreciated, lost value, after 10 year = 0. Cash in Bank Account lost value because of Inflation. So only Home gains value, 90% asset they have.
=> Not sure if this Expensive is same in developing countries. But any country, you must pay: Tax, Food, Grocery, Restaurant, Travel, Rent, Phone ... Same
=> All these Expensive, Mortgage is the biggest expensive, biggest debt 20y, 30y, 35y, 40y... Then car payment. Paid off Home out of biggest debt is a peace of mind will take at least 20y. So people want to pay off home fast, reduce Interest Payment fast,  with big Deposit like at least 20%.

Home or Stock Hold long term 20y. Cash out Profit early, Short Term lost 430,000$ in just 4 years (update August 17,2021)
A Semi-Detached Home in City Toronto was 1.1m already 4 years ago at peak 2017. Its highest Price was last Feb, April 2021 in COVID-19 = 1.32m
-> It ups / downs from last peak to this peak, profit, ROI = 224,000$ or  20% -> People cashed out or sold home previous peak was not only Lost = $ 224,000 = 20% in 4 years + Pay Rent in 4 years = 3000$ x 12 x 4 = 144,000$. Total Lost = $ 224,000 + 144,000$ + 60,000$ (more) commission & other Fees = 430,000$. Because of selling their Home for profit last peak.  But also could not come back Buy Home. Like now, a lot people cash out for profit this peak. Should hold Home for 20y to see Profit. Home or Stock, hold long-term like 20y. See big Profit. Millionaire. Buy & Sell. Jump In & Out will not make you Millionaire. You can't time the Market even Warren Buffet. -> He just saves you near 1/2 million dollars.

=> Home Price ups/ downs. Go back recently, in the last 4 years, from 2017 -> 2021, Semi-Detached Return on Investment ROI = 20% = $224,000. -> Professor's Salary 120,000$ took 16 years to save 224,000$. Semi-Detached in just 4 years returns 4x more than Professor's Salary, and more than Detached Home Toronto ROI = 12% = $180,000. Big money, but smaller Return on Investment (ROI). However, this year 2020-2021 in COVID-19, Detached Home returns ROI =  $228,331 up 15.2% more than Semi-Detached ROI =  $123,472 up 9.2%. -> See The Wealth Effect Theory Number #6.

NOTE: Need Data & Computer Scientist who use Data to solve problem. People don't train Data, can't see. Even access a lot of Data. They are Data Blind, even dislike Data.


Toronto Home Data of July 2021 last month released in August, 2021.

Home Average	Ave Price for July 2021	Last Month June 2021	Last Year, July 2020	Profit compared to last year The Power of Return of Real Estate in Toronto just 1 year is proven by Data
City of Toronto Average Price Toronto 9.6m = City of Toronto 3 m + GTA (District around Toronto) 6.5 m - City of Toronto Population 3 m. Center of Financial Hub, Stock Market TSX, Big Banks, Gov Agencies. - City of Toronto is Capital of Ontario biggest Province. Its Municipalities: North York, Etobicoke, Downtown, East York. Toronto is multi-culture more than 100 nationalities & languages. Next year 2021, 401,000 Immigrants come to Canada, most of them will settle in Toronto. Hundreds of thousands people look for place to live, which pushes the Demand for Housing in Toronto. Click See Map. --------------------- Toronto is the City, Ave Home Price rank in Top #2, #3 in the world, same as Vancouver.	$1,047,681 (Year-to-Date) Ave Price = 1.1 millions = Average of All Properties Detached + Semi + Town Home + Condos had Sold. The properties sold spreading every where in the City, not Ave Home Price Listing not sold.   -> Same calculation Ave Price to avoid "mouth data" specific expensive areas, downtown area, or pickup few luxury condos over 1-millions, or property not SOLD, my Home, his/her Home, their Home, this Area, that Area, this Street, that Street ... So many numbers, so many Data, "Mouth Data" very hard to Analyze, inaccurate, unscientific, biased. We work on one Number, one Data that is Ave Data, most accuracy, "Official Data", Scientific Data -> This Ave Data is calculated from thousands of Home Data in Database Computer System. Their Developers design and program. Very complex coding Algorithm -> Says A Canadian Professor who is Teaching Data Management and Building Database, Software to manage & analyse data. For example; GTA so many Districts, Brampton, Mississauga, Vaughn, Markham... different Data. We use Ave Home GTA = $1,074,133 to represent Data for all Districts. It is Official Data. Scientists don't work by Mouth, biased, unscientific like common people. For example, Hong Kong and Vancouver and Toronto, California and Texas, Canada and US and Europe -> Use same Ave Price Data. For example, Ave Price Canada = $727,828, Ave Price US = $329,100. Ave Price Montreal = $484,255, Ave Price Toronto = 1.1m  -> "Official Data".  You can see the difference right away, scientific, fair calculation, accuracy. No mouth Data. No argument blah blah. Can't argue with Data. Different between Educated and Uneducated, between Science and Common, between exaggerate Mouth and Data, between Data Intelligence and Emotional Intelligence.	$1,079,749   "- Mouth Data is self-speaking, self-smart, self-created, "I think so", people said so, direct from mouth, no source, not "official Data". Same as false information, blow up price, exaggerate." => When people want to Buy Home over 1 millions dollars. The first thing you ask is Salary: -> Are you Professor, Doctor, who have salary over $150,000 /year? If they are NOT, forget about it. Waste Time. Mouth. Data from MSN: 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&pfr=1#image=6	$980,148 (Year-to-Date)	Profit = $67,533  Y-to-D ------------------------------------------------------ Every year. 65K -> 75K equals to salary 150,000$ /y returns. Thus: 1 x Home = 150,000$ / year salary return 2 x Homes = 300,000$ / year salary return 3 x Homes = 450,000$ /year salary  return " For example; You make 50,000$ / year. But after spending, minus for Tax, Rent, Car, Insurance, Food, Debt, Restaurant, Travel, Misc Spending, Phone... you have 6000$/ year return (as example. maybe more). That counts 6000$ / year not 50,000$. It doesn't matter How Much you MAKE. How Much you HAVE that counts. Millionaires make big money by brain. => How long do you work hard to Have 100K? - 10y, 15y, 20y, never?
Detached Home (Single Family Home) A Home stand alone on street. Size, area same as Semi Detached. Not bigger. In Canada, people like privacy, stand alone, even only 2 homes attached. That's why expensive. Ave Property Tax = 499$ / month. Detached: Click here - Ave Detached Home = Ave of All Detached Homes = 1.7M sold that month in the City Toronto. Different with Ave  Price. - For example; Ave Home Price of City of Toronto = Ave Home Price of GTA  = 1.1M. But Ave Detached Home of City of Toronto = 1.7M is much higher than GTA = 1.3M -> Detached Home City of Toronto most expensive Home #1 in Toronto, #2 in Canada, and Number #3 or #4 most expensive Home in the World. Currently, Detached Home Vancouver #2 most expensive Home in the World. -> Categorized as A Million Dollars Home. => Ave Home Price of Detached Home Toronto = 1.7M, its "Real Price" could be 3M like this Home. => NOT FAIR, NOT ACCURATE, BIASED if compare Home's Real Price with Ave5661234567890-/*Price. Should use same Ave Home Price. => That's why for fairness, Real Estate Industry use Ave Home Price, same Calculation, same Rule, fairness to compare Home Price every where, every City, every Country. For example, MSN said :" the Average Sale Price of a single-family home in California hit a record $758,990" - (Up Aug 20, 2021)	$1,700,000   (Year-to-Date) Price up 15.2% Home Sales Up: 58.2% If you invest 300,000$ for 20% Deposit to Buy a Detached Home 1.47M in City Toronto last year 2020, you will have Profit  $228,331 = 76% Return. Proven by real Data of Number so that you can see easily. Not by %. - Compared to last year July 2020 - Detached Home City of Toronto most expensive Home, #1 in Toronto, #2 in Canada. -The Average Single Family Detached Home in California in March, 2021 highest on record was: $758,990, a 23.9% increase from a year ago. From MSN: - March 2021 was the highest Home Price on record ever in US & Canada. After March, 2021, US & Canada Home Price decreased a little bit, or flat. California has highest Home Price in US. - Single Home Family or Detached Hone in California is a lot less than Semi-Detached Home in City of Toronto. - Scientists recommend use Ave Home Price like MSN.	$1,716,273 Last month -> Does it jump too much? - Not much. Its last peak $1.57m already 4 years ago at peak 2017. Its highest Price Peak was month Mach 2021 = 1.75m . => It seems Semi-Detached Return on Investment ROI = 20% more than Detached Home Toronto. (update Aug 17, 2021) -> It ups from last peak to this peak = 180,000$ or 11.5% -> 12%. -> In the last 4 years, each year increased= 2.9% OR 50,000$ / year -> Not much. People who cashed out or sold home previous peak was not only Lost = $ 200,000 in 4 years, but also lost 4 years RENT = 3000$ x 12 x 4 = $144,000. Total Lost = $200,000 + $144,000 + $50,000 Commission & other moving cost= $400,000 and  could not come back Buy Home. You can't time the Market. Home like Stock, sometime, just 1 month Home Price up 30%. Because take a month for Home update Price. For Stock in second. -> So fast. Bang! You can't jump in time to Buy. Lost opportunity. Property comes Down always back Higher in the last 30y. Hold for Long Term 20y. Let compound Interest work for you.	$1,471,669 (Year-to-Date) Price last year July 2020	Profit  =  $228,331  Y-to-D If you invest 300,000$ for 20% Deposit to Buy a Detached Home in Toronto last year, you will have Profit  $228,331 ------------------------------------------------------ -> For Detached Home, 3x more than Ave return 65K -> 75K every year Before COVID-19, In Feb, 2020 Detached Home = 1.48 millions. Post Lock Down COVID-19, In June, 2020, Detached = 1.52 million dollars. At peak before COVID-19, Detached Home in Toronto = 1.57 millions dollars
Semi-Detached Home 2 Home attached, not separated on street. Size, area same Detached home. Every day, easy go to work & back home. Your car is in front of the house. - Ave Property Tax = 299$ / month - At any time, you can always upgrade from Semi- Detached to Detached Home easily, because you  already had Home, and had paid mortgage at least 10y. -> Semi Detached Home City of Toronto most expensive Home #2 in Toronto, and #3 in Canada. -> Categorized as A Million Dollars Home.	$1,300,000 (Year-to-Date) Price Up: 9.2% Home Sales Up: 80.7% - Compared to last year  July 2020 If you invest 220,000$ for 20% Deposit to Buy a Semi-Detached Home 1.17 M in City Toronto last year 2020, you will have Profit $123,472 = 56% Return. Proven by real Data of Number you can see easily. Not by %	$1,267,044 Last month -> Does it jump too much? Actually it was 1.1m already 4 years ago at peak 2017. Its highest Price was last Feb, April 2021 = 1.32m -> It ups from last peak to this peak = 224,000$ or  20% -> People who cashed out or sold home previous peak was not only Lost = $ 224,000 = 20% in 4 years + Pay Rent in 4 years = 3000$ x 12 x 4 = 144,000$.Total Lost = $ 224,000 + 144,000$ + 50,000$ commission = 418,000$. Because of selling their Home. 2 but also could not come back Buy Home. Should hold Home for 20y to see Profit. Home or Stock, long-term working. (update Aug 14,2021)	$1,176,528 (Year-to-Date) Price last year July 2020	Profit = $123,472  Y-to-D If you invest 200,000$ for 20% Deposit to Buy a Semi-Detached Home in Toronto last year, you will have Profit  $123,472 ------------------------------------------------------ -> For Semi Detached Home, 3x more than Ave return 65K -> 75K every year Pre COVID-19, In Feb, 2020 Semi-Detached Home = 1.20 millions. Post Lock Down COVID-19, In June, 2020, Semi = 1.29 million dollars.
Town Home Town Home is not on the street like Detached, Semi Detached. A Community, Village of Home, a lot of them, hundreds, thousand built close together. Some Communities of Home include sharing swimming poor, school, gym ..like a Village.	$926,437 (Year-to-Date) Price Up: 11.3% Home Sales Up: 76.3% - Compared to last year  June 2020	$941,474 Compare to last month June 2021	$832,467 (Year-to-Date) Price last year July 2020	Profit = $93,470  Y-to-D ------------------------------------------------------ Pre COVID-19, In Feb, 2020 Condos = 846,465$ Post Lock Down COVID-19, In June, 2020, Town home = 853,339$.
Condos Apartment, including sharing swimming pool, gym ...	$700,061 (Year-to-Date) Price Up 1.8% Home Sales: 82.9% - Compared to last year  June 2020	$717,466 - Compare to last month June 2021	$687,898  (Year-to-Date)   Price last year July 2020	Profit =  $12,163  Y-to-D Pre COVID-19, In Feb, 2020 Condos = 722,675$ Post COVID-19, In June, 2020, Condos = 672,465$.
GTA Average Price GTA = Greater Toronto Area. Suburban Districts outside of City of Toronto. Population 6.5m. Districts: Mississauga, Vaughn, Markham, Brampton ... Click See Map. NOTE: Before COVID-19, GTA Ave Home Price and GTA Detached Home under 1-Million. During COVID-19, people move out the City of Toronto to GTA, suburban districts around Toronto. Which is pushing Home Price in GTA, Ave Home  = 1-Millions and GTA Detached-Home = 1.3 M.	$1,074,133 (Year-to-Date)	$1,089,536 Last month June, 2021	$809,715 (Year-to-Date) Price last year July 2020	Profit = $264,418 Y-to-D ------------------------------------------------------
GTA Detached Home -> GTA Detached Home most expensive Home #3 in Toronto, and #4 in Canada -> Categorized as A Million Dollars Home.	$1,320,243 (Year-to-Date) Price Up 39.9% Home Sales Up: 60.6% "- Detached Home GTA always less Price than Semi Home City Toronto. 1st time, GTA Detached more Price than Semi Home in City Toronto was in Jan 2021, second time in March 2021, June 2021 3rd time" NOTE: Before COVID-19, GTA Ave Home Price and GTA Detached Home under 1-Million. During COVID-19, people move out the City of Toronto to GTA, suburban districts around Toronto. Which is pushing Home Price in GTA, Ave Home  = 1-Millions and GTA Detached-Home = 1.3 M.	$1,329,873 Last month June, 2021   Actually it was 1.09m already 4 years ago at peak 2017 then Price cooling down. Its highest Price was this month March, April 2021 = 1.32m (update April 19, 2021) -> It ups from last peak to this peak = 221,000$ or  21%	$1,008,775 (Year-to-Date) Price last year July 2020	Profit =  $311,468   (Year-to-Date) Data Compare to last year July 2020
3 bed rooms, 2 bath rooms - All in City of Toronto		How much you think this Home:  Click here

=> For the month of July, 2021 Data released in August, Across Canada: (update Aug 16, 2021)
Home Sales compared to last Month June 20121 Down :-3.5%. Sales compare to last year July, 2020, Down: -15.2%
Ave Home Price = $661,788 Down -2.5% compare to last month June 2021. Compare to last year July 2020 Up: 15.6%. Last month: $679,000
If not including Toronto & Vancouver = $526,788 - Last month: $544,000. (March 2021, highest price on record, Ave Home Price = $727,828. After that it decreased or flat)
Canada including 10 Provinces like: Ontario, Quebec, Calgary, British Columbia... Cities like Toronto, Vancouver, Montreal, Ottawa....
=> In US, Ave Price of US in March 2021 = $329,100 (In March 2021, highest price on record = $329,100. After that it decreased or flat). Including 52 States like California, Washington, New York... Cities like: New York, Los Angeles, Washington, Boston...
 

=> We will continue more detail for month July, 2021..

Home Price expensive, A Million Dollar Home, does not depend on big Home, small Home, beautiful Home... But depend on "Location, Location, Location", where you live. Where there are people can afford A Million Dollard Home. Who are they? -> The Elite. Click here  How much do you think you worth? Choose the right customers. Because depend on the customers who can afford A Million Dollard Home. You want to sell A Million Dollard Home. But the Buyers can't afford, because of their Education, their Salary, their Income, their Wealth all correlated. High Education will have high Income. A Factory Worker 5$/hr = 9600$ / y, while a Professor 50$/hr = 100,00$ / y -> Then you can't sell. So Average Home Price will tell you the customers, the people in that location. Who are they? The Wealth Effect Theory. 1) Tell me Average Home Price where you live -> I tell you "How much Rich" you are 2) Tell me your Salary, your Job, your career -> I tell you Home Price you can afford. No need blah blah 3) Tell me Average Home Price of a country ->  I tell you "How much Rich" of Middle Class is. 4) Salary helps Living Expensive. Home makes you Rich, Millionaire. Car makes you poor. 5) Every year, A Million Dollars Home in City of Toronto, Detached or Semi Detached Home returns (minimum) Ave 6% = 60,000$ / years = Salary of $100,000 Net Income after Tax. => 2 x A Million Dollars Home returns = 60,000$ x 2 = 120,000$ = Salary of  200,000$ / year / every year, already in the last 20y -> See The Wealth Effect Theory #4 NOTE: Have A Million Dollar Home Detached or Semi Detached Home in City of Toronto returns 6% = 60,000$ / year same as Have Salary of 100,000$ / year after Income Tax. But not easy to have A Million Dollard Home Detached or Semi Detached Home in City of Toronto. Require Salary 200,000$ and 25 years of Saving for a Deposit. Source: National Bank of Canada. https://www.msn.com/en-ca/money/video/toronto-millennials-apparently-need-to-save-up-for-another-lifetime-to-own-a-house/vi-BB1gxur5?ocid=hplocalnews 6) Do you have big salary 120,000$, 150,000$ in the last 20 years? -> A Professor's Story The big Salary 120,000$, 150,000$ working continuously in 20 years is still poorer 5x than Having A Million Dollard Home, Detached or Semi Detached Home in City of Toronto for 20 years. NOTE: Scientist and National Bank found that Salary 120,000$ after paid for Income Tax (30% high salary + Other Tax), Car Expensive (Car Payment, Gas, Car Insurance, Car Maintenance), Living Expensive (Phone, Internet, Grocery, Food, Drinking, Smoking, Restaurant, Clothes, Beauty, Shopping, Entertainment, Travel, Health, Child Care, Misc Fees, Debt ), Shelter  Expressive (Home Mortgage, Property Tax, Home Maintenance, Utility, Heat, Water, or Rent), you can save 10% of Income, in 10 years = 120,000$, in 20 years, you can save $240,000. While Have A Million Dollar Home Detached or Semi Detached Home in The City of Toronto for 20 years, you have: 20y x 60,000$ (Ave 6% Return / year) = 1.2 Million dollars, Ave Home Price in City Toronto Detached Home = 1.8M, Semi-Detached = 1.3M, 5 x Time Return (ROI) money more than $120,000 salary.  A true Story: A Professor Salary 120,000$. After 10 years, he saved 120,000$. After 20 years, he saved $240,000. If He Had Home in City of Toronto 20 years, he would have 1.3 M -> 1.8 M -> Became Millionaire. -> See The Wealth Effect Theory #4 => Theory # 6  tells you that even Professor's Salary 120,000$, 150,000$ working very hard, continuously no lay-off in 20 y still have that much saving estemate 240,000$ -> 300,000$. How about Salary of Factory Worker, Low Wage Worker, Engineer, Teacher, your Salary -> You can't have more salary than Professor. Mouth.    This also proved by NC (National Bank) that provides Mortgage to tens of thousands of Customers Buy Home. (update Nov 18, 2021)   Before COVID-19, I used to go to Temple almost every long weekend holiday. 7) 90% Asset of Middle Class is Home. Pay Rent = 0. No Home = No Thing. Why ? Whole Life Poor because of Rent + Tax. Can't avoid. - Home or Rent = 40%-50% Income. Keeps increasing. Then Tax 25% - 30%. Only 25% - 30% for Car, Life Expensive, Every thing, Travel, Debt... - Because the salary, the money of people live in industrialized developed countries like US, Canada, Europe, Japan, made every month, after minus paid for Tax (Income Tax, Other Tax..) + Car Expensive (car payment, car insurance, car maintenance, gas...) + Other Living Expensive like: Insurance, Phone, Grocery, Food, Drink, Restaurant, Clothes, Beauty, Shopping, Entertainment, Education, Travel, Health, Children, Child Care, Misc Fees, Debt  ... already take away 50% - 60% of money they made every month. - Home Expensive: Then 40% - 45% of money pay for Home Expensive like Mortgage, Property Tax, Home Maintenance, Home Insurance, Utility (Electricity, Heat, Water..) =>  They have very small saving for other Investment. Most people have small extra saving money left, they will go Travel, most Expensive Spending after Home, Car. Home and Car are biggest expensive must pay, more than 1/2 income every month income. Car depreciated, lost value, after 10 year = 0. Cash in Bank Account lost value because of Inflation, Rent = 0. => So only Home gains value, 90% asset they have. => This Expensive same in developing countries. Must pay: Tax, Rent or Mortgage (already 60% of Income), then Food, Education, Health, Grocery, Restaurant, Shopping, Cloths, Travel, Children, Education, Health, Doctor, Hospital, Misc Fees, Debt, Phone. Other Countries: Health, Doctor, Hospital, Education cost a lot. People afraid of sick, hospital. Cost a lot Money. -> In Canada Free Education Grade 1 -> 12 + Free Health Care, Doctor + Free Hospital + Child Benefit (+ Child Tax Credit) for all Family Rich & Poor (big help. Not in US, Japan, Europe). -> Says A Scientist Professor, 30 y Life Experience to Make Ends Meet in big City Toronto of developed country G7 Canada. => Thus look at Home, not Car, not Clothes, not Phone, not Hand Bag, not Diamond, not Gold, not Bank Account, not Cash, not Salary, not Mouth, very small little Things. Look at Ave Home Price in that City or A Million Dollars Home -> Know "How Much Wealth" a person. No Home = No Thing. (Update Nov 7, 2021) => As we explain. If you have Home in California Ave Detached Home $758,990. Which means you must have good Wealth, good Income, good Salary like 109,000$ in order to afford for 1) Deposit 2) Monthly Mortgage Payment. The same requirement when you buy a Condos, a Home, A Million Dollars Home. -> Look at Home 1) Ave Home Price where he lives + 2) Home Ownership. How long Buy Home + 3) Deposit when buy home. Look at career, usually low wage labour deposit 5%, 10%. => Common People measure by Eyes, Ears, Mouth, Feeling. Scientists measure by Data. People use Mouth Data often unlikely use Data, don't like Data. 8) Wealth creates more Wealth.  (update Nov 2, 2021) => You want to be Rich, Wealthy -> First, Change your Thinking. => If you want to be a Millionaire, you must think like Millionaire, have knowledge like Millionaire, and a desire to be Millionaire. You can't be Millionaire if you don't like Millionaire.   Why Toronto Ave Home 1.1M, people still can afford? - A Canadian Professor explains -> Wealth creates more Wealth. Toronto already had Foundation of Millionaire to Support 1-Million Home. These Millionaires are created by Toronto Home. A Story. - Toronto has Ave Home Price 1.1M and people still can afford. Because a person bought A Semi-Detached Home 20y ago, Ave Price = 220,000$ -> Now Ave Price = 1.1 Million, Semi Home = 1.3M, He became a Millionaire. He sold (or re-finance) his Semi Detached, Buy 3x Detached Home 1.8 M in Toronto with good 20% Deposit each. Satisfied the requirement 20% for home at least a Million Dollars. These Millionaires are also Parent Millionaire, Partner Millionaire co-sign with their Millennials children, their partners to Buy Home -> Thus create more Demand for A Million Dollard Home. -> 20 years ago, Ave Price = 220,000$ in Toronto, a person bought 1x Detached Home and 1x Semi-Detached Home with high Deposit at least 20% with high Salary at least 100K.  -> 20 years later, Ave Price = 1.1-Million in Toronto. No Problem, he Sold (or Refinanced) his Semi-Detached 20 years ago. He bought 3 x Detached Home 1.8M + 1 x Semi-Detached Home 1.3 M, all with good 20% Deposit each, not 5%, 10% because of 1-Million dollar Home's requirement 20% Deposit. His Wealth is growing Big after 20y because of Home. Thus 1-Million Home means nothing for him. No Problem. He can afford 4 x 1-Million Homes = 3 x 1.8M Detached  + 1 x 1.3M Semi with good 20% Deposit each => You see: - Having 1x Semi-Detached 20y ago, He bought 4X A Million Dollars Home with good Deposit 20%. = 3x Detached Homes 1.8 M + 1 x Semi Detached Home 1.3M. - Having 1x Detached Home, He bought even 5X A Millions Dollars Homes with good Deposit 20% = 4x Detached Homes 1.8 M + 1 x Semi Detached Home 1.3M. - Thus just having a Detached and a Semi-Detached Home 20 years ago, now He increased his Wealth: => 7x Detached Home 1.8 M each + 2x Semi-Detached Home 1.3 M each. All with good 20% Deposit. => Total Wealth Generated = 1.8M x 7 + 1.3M x 2 = 15.2 M estimate. => Wealth creates more Wealth. NOTE: We don't care when He Buy Home. We just want to know his Wealth, his Asset  at current Market Value, generated at current Year = 2021 when Detached Home Toronto = 1.8 M, Semi Detach = 1.3 M. He could Buy Home last year when Ave Detached Toronto = 1.47M, Semi Detached Home Toronto = 1.12 M. Or Buy Home few years ago. We told you that in order to know a person's Wealth, Asset -> Look at Ave Home Price of that Location of Current Year. => Ask your Partner: "How Much Deposit when Buy Property?" => "Do not Buy Home with Deposit less than 20%" -> Most people Buy Home but they hide Deposit. In US, Canada, you can buy home with 5%, 10% Deposit or Down Payment. The small Deposit, will take longer to pay off Home 30y, 35y, 40y. And you pay more for Interest Payment not for Home Principle. People Buy Home with small Deposit because they have small salary, can't afford for big Down Payment, can't afford more years Saving. For Example; Big Deposit at least 25%, they can pay off Home in 20y. While small Deposit Pay Off Home 35 years = 15 years difference. If their Mortgage = 3000$ / month. They pay more Interest Payment = Extra 15 years x 3000$ / mo x 12 mo = 540,000$ extra Interest Payment. For example; 20 years ago, A Couple working in Factory worked 15 years to Save 25,000$ in order to Buy Home in Toronto with 10% Down Payment (or Deposit) when Ave = 220,000$. Thus they can't afford 20% Deposit = 50,000$, because they must work 30y to save 50,000$. Then Home Price will Up in 30y, they miss. Can't wait that long. So most people have small Salary, normal Salary they Buy Home with 5%, 10% Deposit. Because they don't have big Salary at least 100K like Professor, Doctor ... => You see even A Million Dollars Home still not expensive. If expensive then no Demand, Price Down not Up. That's why it is still hot with A Million Dollars Home like City Toronto's Detached Home 1.8M. => The Wealth Effect Theory and Theory #8 helps explain Why Toronto's A Million Dollars Home still affordable. => As proven by A Professor; There are people can afford even 4x, 5x A Million Dollars Homes with Deposit at least 20% " That's why 20y ago I update my carrier: Factory -> Scientist Professor. Opportunity doesn't come many times. Today even Professor Salary 200,000$ takes 25 years working for Saving a Deposit to Buy Home in Toronto according to National Bank. Not your fault. No complain nor jealous."  (update Nov 4, 2021) Says; A Canadian Scientist Professor. He started carrier in City Toronto as Professor 20 y ago 50$ / hr, 100,000$/ years when Ave Price = 220,000$. Now 1.1M. With high Salary, he could Buy Home with high Salary 100K/y =  50$/hr = 8000$/ mo, within 4 months = 8000$ / mo x 4 = 32,000$. While take a couple working in Factory, mini wage = 5$ /hr with combined 2x salary in 15 years to save 25,000$ to Buy Home in Toronto for 10% Deposit when Ave Price = 220,000$. 25K big money 20 years ago. He went thru Life Experience in City Toronto for 30 years. He also has Relatives, Neighbours, Friends from different backgrounds Factory, Engineer, Scientist, Professor, from Low Income to High Income -> So He knows their Story. Home is the biggest Investment. People work hard whole life for Home. He wants to share knowledge. He creates The Wealth Effect Theory to help people understand and make good decision that could change their life. A lot people regretted. People poor because lack of knowledge and lack of understanding Data -> Learn. => People 1) Do not live in Toronto 2) Do not have background as Factory, Engineer, Scientist, Professor with high salary 100K 3) Do not have diverse background, do not live in Toronto at least 30 y 4) Do not have background as Canadian Scientist Professor -> They will not understand. => For New Comers, Immigrants, first time come to Toronto, most people RENT. But they always think about Home like the couple working in Factory. They have that Dream for 10 years, 15 years ... that one day they have Home in Toronto. Even Home so cheap in Toronto 20 years ago, but still the couple working very hard in Factory 15 years in order to SAVE 25,000$ to Buy Home in Toronto with 10% Deposit. Source: National Bank of Canada. According to National Bank provided Home Mortgage for tens of thousands of Customers Buy Home. They knew Customer's Data better than any one: "  With salary 200,00$, it takes 25 years working for Saving a Deposit to Buy Home in Toronto, Vancouver."  Even California Ave Home Price $758,990, Salary needs $109,525. https://www.msn.com/en-ca/money/video/toronto-millennials-apparently-need-to-save-up-for-another-lifetime-to-own-a-house/vi-BB1gxur5?ocid=hplocalnews   NOTE: To sell A Million Dollars Home, you need the Millionaire Customers, the Elite Customers, who can afford. Who are they?  Click here You must have the Support of large population of Millionaires like Toronto. For example; Some rich countries in South East Asia, ASEAN. Thailand's population of Millionaires of a whole county 22,400 Millionaires, after COVID-19 = 20,000 Millionaires, can't support A Million Dollars Home Price. Data before COVID-19 Philippine 17,000 Millionaires, after COVID-19 = 15,500 Millionaires. Malaysia 16,500 Millionaires, after COVID-19 = 15,000 Millionaires. Indonesia 21,000 Millionaires, after COVID-19 = 19,000 Millionaires. Vietnam before COVID-19 had 20,645 Millionaires. After COVID-19 19,500 Millionaires. Vietnam is one of  fastest growing economy countries in ASEAN and Asia. Before COVID-19, VN had 20,645 Millionaires. After COVID-19, VN has 19,500 Millionaires. Source: Data from VTV (Official Vietnam Television) in April 3, 2021. Who are the seven tigers in Asia? There are seven countries which have an outstanding role in the Asian: Korea, Hong Kong, Taiwan, Singapore, Thailand, Indonesia and Vietnam.   Update August 17, 2021. => During COVID-19, Thailand's Millionaires were reduced a lot. Thailand like other Asia countries, GDP got hit hard by COVID-19. Estimated from 22,400 to around 20,000 Millionaires now. => While Vietnam did not get hit hard by COVID-19. Only few countries have GDP grow, not negative GDP compare to other countries in the World. But still Millionaires were reduced a lot 1,145 Millionaires to 19,500 Millionaires. => While Canada, Millionaires increased, not reduced, because of Home Price increased 20%, 30% on Record in COVID-19. Never happened before. Special in GTA before COVID-19 Ave Home Price around $800,000. Now 1-Millions Dollars made a lot Millionaires, GTA Detached up 300,000$ compare to last year 2020. Bang! instantly in 1 year in GTA. Take 20 years Saving to have 300,000$. Because in COVID-19, people move out of the City of Toronto to GTA, Suburban. Which is pushing Home Price in GTA on record. Never happened before. => Some say after COVID-19 over, people get back to the City of Toronto ghost town dung COVID-19. People work remote back to the Office of their companies, GOV's Agencies, Big Banks.. in City of Toronto. GTA home Price will go down. Thus pushing Home Price & Rent in the City of Toronto higher. A reverse engineering. But for now, let's take it. Happy for GTA Millionaires. Don't cash out sell your Home. => See in this Aug Blog, cash out early lost near 1/2 million dollars In Canada, just Toronto (GTA + City of Toronto) 's population of Millionaires estimated 200,000 Millionaires or 2.0% of 9.6 Million of Toronto. Most of them Millionaires by Home. For examples; To buy a Detached Home 1.7 Million dollars, requirement at least Deposit 20% = 340,000$. Because Price over A Million Dollars. Can't Deposit 5%, 10%. The Bank lets you borrow 1,360,000$ is Your leverage. Big Canadian Banks have a lot of Resources and Money that can let you borrow. A lot of Risks for the Banks. Small Banks don't let you borrow such huge money, over 1 Million dollars. That's why, Banks in developing countries don't have Resources & Money, can't afford to lend you such huge money. Thus, Ave Home Price 1 Million Dollars Home is IMPOSSIBLE for other countries. Because lack of 3 Big Support: 1) Millionaires Population's Support 2) Big Banks' big Money Support 3) Big Salary's Support. Thus very hard to Become Millionaire when Ave Home can't reach, less than 1 Million Dollars Home. Doesn't matter you work very hard, you will not become Millionaire unless you have big salary or Income. => That's why you see developing countries like Thailand, Philippine, the population of Millionaires  is very small because they will never have Ave Home = 1-Million Home -> See The Wealth Effect Theory #4 says " - Salary helps Living Expensive. Home Makes you Rich, Millionaire. Car makes you Poor. " - See Professor Story big Salary 120,000$. He saves 240,000$ in 20 years. If he lived and bought Home 20y ago in City of Toronto now Ave Home = 1-Million, he would be A Millionaire. => Why Toronto (City of Toronto + GTA Districts around Toronto) Ave Home = 1.1-Million but only 200,000 Millionaires? There are hundreds of thousand of properties in Toronto. But it was filtering selective conditions to satisfy the following: (update Sept 4, 2021) 1) Home like Stock, people don't live one place, keep Home or Stock for 20 years, because of many reasons. Such as: Buy/ Sell Home for Profit/ Lost, Lost Job, Change Job, Mobile Living different Places, Buying Home 10 years ago after Financial Crisis 2009 - 2010. Still need working hard 20 years more ... A same Home, but many different Home Owners. Most people Buy Home sign contract 30 years to pay off. 2) Only properties price over 1-Million, not including: Town Home, Condos. Such as: 1) Detached and Semi-Detached Home in City of Toronto. 2) Detached Home in GTA. 3) Only Home was bought at least 20 years ago with at least 20% Deposit. (Such as, people with high salary). People bought 10%, 5% Deposit because of low salary, with 30, 35 years to pay off, still have 10, 15 more years to pay off. A lot of people bought home just 10 years 2012, 15 years 2007 ago. Still 15, 20 years more to pay off home. => Before COVID-19, GTA Ave Price & GTA Detached Home under 1-Million. Thus not many Millionaires in GTA. During COVID-19, people move out City Toronto to GTA, suburban districts around Toronto. Which is pushing Home Price in GTA, Ave Home  = 1-Millions, GTA Detached-Home = 1.3 M. Home. In GTA, Detached Home up around 300,000$. => Because of Covid-19, GTA Detached Home over 1-Million, and only 3,4 times more price (not a lot) than Semi-Detached Home City of Toronto. => Even 20 years ago when Ave Price = 220,000$ so cheap, but a couple working in Factory, with combined minimum salary, still were working hard for 15 years to save 25,000$ for a Deposit 10% to Buy Home. Took them 30 years saving for 20% Deposit. Can't wait. Thus most people Buy Home with 10% Deposit. At least 30 years to pay off Home. They still have at least 10 years more to pay off Home. Because of Low Salary 5$/hr =  800$/mo = 9600$/y . While it took a Professor 50$/hr = 8000$/mo = 100,000$ / year, only 1 year to Buy Home with at least 20% Deposit. Before to Buy Home, you need money for Deposit. This could take 10, 15, 20 years. => According to Toronto Star, in 2013, total Toronto Millionaires 118,000 Millionaires, in May 2013, Ave Price = 542,174$. Today 2021, double Ave Price = 1.1 M exactly in 8 years => Double the Millionaires in Toronto = 200,000 Millionaires. NOTE: The number of Millionaires in Toronto could be less than 200,000 Millionaires. It takes Toronto over 100 years established to have produced 118,000 Millionaires. Now only 8 years double Millionaires in Toronto. Hard to believe. Should be smaller than 200,000. No country could double Millionaires in 8 years. Canada has 50 Billionaires. Approximately 177,000 Millionaires  1.8% Toronto population. An increase about 50% in 8 years. A lot. While other countries in the world see reduced Millionaires because of COVID-19. And  65,000 Elite Millionaires 0.7% Toronto population. Who is Elite?  Click here NOTE: We need Data Scientist who used Data to make us see clear. Human mind can't see value, can't measured but imagine, mouth. According to The Wealth Effect Theory #4, most Canadian Millionaires are created by Home, unless having salary 150,000$ working continuously for 50 years. -> For example; You started high career in 2000 as Doctor, Professor, Scientist with high salary 150,000$. After paid High Income Tax, Car, Rent, Living Expensive, you can save 20,000$ - 30,000$ / year. Thus you kept working continuously no lay-off for 40 - 50 years to Become Millionaire. While you just Buy Home in Toronto 20 years ago with at least 20% Deposit to Become Millionaire. -> The condition to become Millionaires is: Buy Home in Toronto at least 20 years sometime in 2000, and minimum 20% Deposit. -> 20 years ago, a low wage couple 2 salary combined working for 15 years Save 25,000$ for 10% Deposit Buy Home in Toronto Ave Price = 220,000$. So for 20% Deposit, they must work for 30 years. Can't wait 30y. Thus most people Buy Home "small Deposit" with at least 30 years contract amortization, unless high Salary like Professor. So the Couple Buy Home 20y ago still has at least 10 y more pay off mortgage. -> 20 years ago, Professor working 4 months = 4mo x 50$ hr = 32,000$ = Couple low wage working 15 years to save 25,000$ (25,000$ in 20 y ago was big money). -> Thus 20y ago, it took the Couple working hard 15 years to Buy Home. While the Professor only 4 Months to Buy Home in Toronto. (update Sep 8, 2021) => About Toronto. Toronto  population 9.6M, while City New York 8.5M. Vancouver 1M population, film industry, tourism, compares to Toronto like a small town. Vancouver Home most expensive in Canada, Vancouver Ave Price = Toronto Ave Price = 1.1M, rank #2 in the world post COVID-19 Besides Big Financial Hub, big Banks, Stock Market, Big Head Offices of Big Corporations, Big Government Agencies locate in City of Toronto, Toronto also has Big Manufacture Hub, spreading thru City Toronto and GTA. Toronto the first City in the world is recognized by United Nations as City of Multi-Cultures, Multiculturalism, the most diverse City in the World with more than 100 countries, 100 nationalities, 100 languages. -> According to official data, over half of the city's residents, who are also Canadian, were born outside of Canada. -> Home very expensive in Toronto, City Toronto Ave Price = 1.1 M.  GTA  Ave Price = 1.1 M. People said: " Toronto hiccup, a whole Canada gets flu " . -> It is very hard to get accepted in Canada. Recently Canada has increased to 400,000 - 420,000 immigrants each year. Most of them will settle in Toronto. While Canadian population is getting older. Canada has a small population 38.6 M. It takes 10 years with 400,000 immigrants each year to increase Canadian population to only 42 million, still smallest population in G7 if compares to other richest  countries in the world in  G7 at least 65 M. Increasing population also means increasing more Products & Services are produced, more Consumer Spending 60% - 65% of Economy, more Comparatives, expanding Economy and GDP. -> Canada receives more 60% - 65% rich Economic Immigrants  each year, then Family Re-unification. After 5 years they become Canadian. Immigrants are the best in their countries. A lot people said Toronto is built by the best Immigrants from many generations over 100 years -> About Top 2% Toronto population, 170,000 - 200,000 are Millionaires. -> Immigrants usually work hard, because they start new life, a second chance in Canada. While rich Immigrants create Businesses, create Jobs, poor Immigrants work in Factory. If you go to factory, most  Immigrants almost 90% work in Factory floor to produce Products. A company 100 employees, 80 employees work on Factory Floor, almost of them are Immigrants, and 20 Employees work in Main Office, such as Engineer, Manager, Secretary, Sales & Marketing... " Most poor Immigrants start life = 0, their first Job always in Factory. That's why Toronto is Big Manufacture Hub besides Big Financial Hub. If every one wants to sit in Office, then less Products are actually produced on Factory Floor to Export. Canada is Export country. In 2019, the Canadian Exports amounted to 774.37 billion dollars. Very efficient & productivity giving a small population 38.6 M. That's why Canada in G7. " - Says a Scientist Professor, who used to work in Factory when Started Life = 0, Self-support. City Toronto is his home town, his City, where he grew up young, lived, studied, and still now. So much memories. It is City Toronto has nurtured and created him today. If He lived other city, He would not be a person He is today. -> Immigrants will Buy Home or Rent, push more Demand for Home, thus push Price higher. Home Owners in Toronto have the most benefit, help pay mortgage. => We are Professional Scientist. We are trained and talked based on Official Data you can see. Different with common people. And Analytics, Problems Solving using Data. Not Mouth non sense, biased. The Professor who not only analyzed based on Data. But also he lived in Toronto, and experienced Home in Toronto, since 30 years ago. He started complaining Home in Toronto since 30y ago. He has relatives, and friends, who bought Home in Toronto at least 20 years ago. He knew their Storey, their Life, their Make ends meet, their Challenges in big City Toronto. He  lived thru Living Expensive in big city, overcame many challenges & obstacles, self-support, alone, and worked as: Factory Worker, Engineer, Professor. He started career as Professor 20 years ago in City Toronto with top 1% Pubic Employee's Salary = 100,000$ when Ave Price = 220,000$ so cheap, but also so expensive for others. He knew Professor's salary, and Factory Worker, Engineer, not many people know. Also his background as a Canadian Scientist grew up in Toronto thus he understands Toronto different than common people. People did not live at least 30 years in Toronto, started 0, poor, worked as: Factory Worker, Engineer, Professor, will not understand City of Toronto. 9) Real Men, Elite Men like to talk about Property, Home, specially 1-Million Dollar Home. They can build A Million Dollar Home. If a Man is not interested, doesn't like to talk about Home, lack of knowledge -> He is Homeless. Since thousands years ago, Real Men next level is "Elite", defined by 1)Wealth 2)Education 3)Salary. Who are they?  Click here. => 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 rich, educated, powerful people who hold a disproportionate amount of wealth, educated, political power Politician, or educated Millionaires, or high skill, like Scientist, Professor, Doctor, Business Leaders... 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." For example; A Millionaire Politician, A Millionaire Doctor, A Millionaire Professor, A Millionaire Scientist, A Millionaire Business Leader is "an Elite". It must hold a disproportionate amount of Wealth. For Example; A Millionaire already on Top 5% of population. But after filtering for Elite is 2) Education 3) Salary (>= 100K = 50$/ hour). Then only 2% of population. Why not Title but Salary? - Title is easy than Salary. Title can be Created, not True. => You can create a Business Card and put a Title on it. Not all CEO, Business Leader, Engineer, Scientist, even Professor have Salary at least 100K => If not Wealth, Education, Salary then What? -> Ask Mom. A Story: I left family, very young @ 18, have fun. No future. Then I started Life =0, no thing, no degree, alone, no support, very poor in Big City Toronto, like a big adventure. My mom said: " All I need from you is -> Go to School -> Become something, Teacher, Engineer... So that you Make Good Salary. Not A Miserable Loser. Don't  Make Trouble. -> Then Make Money. Be Rich -> Then Buy Home, Car, Vacation..." - That is Real Man by common people, by my mom. So she wants 1) Money (Rich, Wealth) 2) Education 3) Salary. -> Then after I was working in Factory for a while, my Parents said: " You are a miserable Loser. Why don't you go school." I said: " Very difficult. I can't school. But I made money, had car " -> Then I kept hearing "You are A miserable Loser" of my Parent. More than 20y ago, I was making money 5$ / hr = 800$ / mo, big money I never made before. I also had car. 20 years ago, in other country, having car was "big deal", only rich people. But in Canada, a Factory Worker, 5$ /hr, 800$ / month, also had car. After work, I drove car, dressed nice cloths, sun glass, handsome, muscle. Look like Millionaires. The only missing was Home I could not afford, even working 20 years. I knew a story of a couple working Factory with combined salary of 5$ / hr = 10$/hr, working & saving for 15 years for small Deposit to Buy Home in Toronto. At that time Ave Price = 220,000$. So I wanted back to school for big Salary. I hope with Salary of Teacher, Engineer 14$ /hr would help Buy Home faster. Or I would never have Home. -> Then I made decision back school. I graduated from top #4 Canada's McMaster University. I advanced myself from Factory Worker 5$/ hr = 800$/ mo -> A Scientist Professor, 50$ / hr = 8000$ / mo = 100K / y, 20 years ago. Today = 250,000$ / y. -> Then from A miserable Loser, Poor, I became a Middle Class, a Real Man, Home, Car, Professor's Salary 50$/ hr = 100K / year @ 20 years ago as my Mom wanted. -> Then it takes 20 years to become Elite Men. If you don't live in Toronto, you out of reach to become Elite Man, even Professor's Salary >= 100K. => Real Men become Elite Men when they have a disproportionate Wealth. In order to have great Wealth, they must have Education, be smart first. Thus have great Salary. So the next level of Real Men is Elite Men. => Became Real Men first. Then next level takes 20 years become Elite Men. See => Defined by the Cambridge Dictionary. 10) Never believe TikTok, Buy Home or Multi Homes with 0$, Become A Millionaire quick... It takes 20 years Working hard, Paying Mortgage to Become A Millionaire -> Believe TikTok, you become A Millionaire Debt. Never own Home. Today, A Million Dollars Home requires at least 20% Deposit Down payment.  (Aug 22, 2021) NOTE: Do not Buy Home or any Property, Condos less than 20% Deposit. 11) Home Price expensive, A Million Dollar Home, does not depend on big Home, small Home, beautiful Home... But it depends on "Location, Location, Location". Where there are Elites Click here can afford A Million Dollard Home. (Aug 25, 2021) 12) Buy Home is like Buy Car. Different car for different people. Depend on who you talk, Home Price was already expensive 20 years ago. (Update September 1, 2021) - Low wage but ask for Lamborghini 300K. Ask for IMPOSSIBLE. Like Ask for A Million Dollard Home. More and More and More IMPOSSIBLE. - Some people say: "- Different car for different people. You work low wage but ask for Lamborghini is IMPOSSIBLE. Then complain why it expensive. Not fair. Car manufacture can't low price of Lamborghini as same price as Hyundai or Toyota. Why don't you Upgrade your career or Buy Hyundai, Toyota so that you can afford monthly payment? " A real Story About people who wanted to buy home in Toronto 20 years ago. The same situation still continues happening now, 20 years later. - A Canadian Scientist Professor says " - 20 years ago Ave Home Price = 220,000$. A couple was working in factory, minimum salary 5$ / hr. Today minimum wage 14$/hr. Took them 15 years to save 25,000$ big money 20 y ago for just 10% Deposit to Buy Home Ave Price = 220,000$. I used to work in Factory, impossible to Buy Home even Ave Home Price = 220,000$. I used to complain "Why Home so expensive. Only rich people can afford. Not fair." - 30 years ago, I started life = 0 at 18 in City of Toronto, alone, working in Factory self-support with my Minimum Wage Factory Salary 5$/hr = 800$ / month, not a couple 2x mini salary combined. I must be working in Factory for 25 years Saving to Buy Home even with only 10% Deposit. With that minimum wage Factory Income 800$/ month, after Income Tax, Rent, Car, Food, other Living Expensive, I didn't had much left to save. => If I didn't upgrade my career, by the time waiting for 20 years saving for 10% Deposit, Home Price in Toronto already went up more than triple 3x. Thus missed. I had to upgrade my career. Complaining did not help. => Then I upgraded my career from Factory -> A Scientist Professor. After I graduated from McMaster University rank #4 in Canada, I started my career 20 years ago as a Professor, salary 50$ / hr = 100,000$ / year (equal today = 250,000$ - 300,000$, top 1% salary of Gov Employee. Today, Public Employees of Government Agency with Salary at least 100,000$, 50$ / hr, on "SunShine List" for public to know. Professor on Top of the Sunshine List. Most paid Government Employees. Click see his [ Cheque ] 20y ago.) I stopped complaining why Home so expensive. With Professor 's Salary can afford Home just 1 year Saving. I said: "- Why Home so cheap." -> What were you doing 20 years ago when Home cheap? - 20 years ago when Ave Price = 220,000$, I was from Factory Worker -> A Scientist Professor, Salary 50$ / hr = 100,000$/y on top 1% Salary of Canadian Public Employee. I realized Not Home Price expensive, but the problem was me, my Carrier, my Income, my Salary. So Home Price was already expensive 20 years ago. You have to live in Toronto like 30 years and started life = 0 to understand. -> 20 years ago, Professor working 4 months = 4mo x 50$ hr = 32,000$ = Couple low wage working 15 years to save 25,000$ to Buy Home (25,000$ in 20 y ago was big money). -> Thus 20y ago, it took the Couple working hard 15 years to Buy Home. While the Professor only 4 Months to Buy Home in Toronto. You see big different 4 months vs. 15 years to Buy Home between the low wage Couple and the Professor. That's why important to upgrade your career -> We prove using Data so that you see clearly. NOTE: I came from a Middle Class Family. I started life = 0 at 18, poorest of the poor in City Toronto, working in factory self-support, no family support, no Gov's support nor subsidize, paying taxes, alone, in City of Toronto. I understand poor and sympathize poor. Giving his common background, non privileges, started = 0,  he can do it in big City Toronto, then so do you. Try your best. Toronto is more diverse than 20, 30 years ago.   - Low wage but ask for Lamborghini 300K. Ask for IMPOSSIBLE. Like Ask for A Million Dollard Home. More and More and More IMPOSSIBLE. - An Elite Millionaire Couple in Toronto enjoys life. Maybe they already paid off A Million Dollar Home. If so, Congratulation! The girl likes to be with her boyfriend, an Elite Millionaire of City Toronto, Wealth & Educated & Salary. Click here -> A result of 20 y Hard work and Reward. No complaining. NOTE: A Million Dollars Home could be 1.3M, 1.7M, 2M, 3M.. NOTE: In Toronto including City of Toronto and GTA, population of 9.6M. There are around 200,000 Millionaires. But to find for Elite Millionaires, Wealth & Educated & Salary not many. Approximately 65,000 Elite Millionaires in 9.6 M. For Example; The couple working in Factory bought home 20y ago. Still 10y more to become Millionaire, because small Deposit. Most people low or medium salary bough home at least 30 years contract to pay off. They are not Elite Millionaire. (See Who is Elite) The couple working in Factory was lucky to Buy Home 20 y ago when Home so cheap. Ave Price = 220,000$. Today required Deposit at least 20% = 250,000$ for Home at least 1 Million dollars. Today Ave Price = 1.1M. => 20 year ago, Factory Salary 5$ / hr = 800$ / m = 9600$ / y - Salary Teacher, Engineer, 13$ /hr = 2080$ / mo = 25,000$ / y - Salary Professor 50$ / hr = 8000$ / mo = 100,000$ / y. I used to work as Factory Worker, Engineer, Professor. Not all careers are equal.   13)  A Home is categorized as A Million Dollars if its Ave Home Price is >= A Million Dollars. For example; Like Detached, Semi Detached Home in Toronto. Home + Location + Ave Price tell How Much Rich you are. 14) To know which country is the richest, we look at Middle Class, not few hundreds of thousands Canadian millionaires, and 50 Canadian billionaires, because the most richest developed industrialized countries and G7 have 60% of population millions of them are Middle Class that had home. The Middle Class has the most Wealth combined more than Wealth of population of Millionaires + Billionaires combined. 90% Asset of Middle Class is Home. In March 2021, the highest Home Price on record in Canada and US, Ave Canada Home Price across country = $727,828 near double US Ave Home Price = $329,100. US is the most powerful and richest country in the world. Canada has the richest Middle Class and the richest Country in the world. (update Aug, 2021) NOTE: 1) According to OECD = Organisation for Economic Co-operation and Development, where have the Home Prices risen the most since 2000 among top housing of 7 rich countries G7 in OECD. The Home Prices have risen since 2000, Canada has risen 170%, UK 96.31%, France 95.6%, US 55%, German 28.53%, Italy 6.83%. Canada began taking the lead in 2012. => Canada's Home Price has risen near double 2x UK, France, 3x more than US, Germany, Italy. 2) According The World Bank, Canada is The second richest Country in the World based on GDP / Per Capital, like Ave Wealth of a Person based on GDP. But GDP Per Capital doesn't reflect accuracy of Wealth like Home = 90% Asset of a Person.   Australia not in G7 - 7 Countries richest in the world. GDP / Capital: is Gross Domestic Product (GDP) divided by population. Measure "How Much Wealth / Person" of a country. Home Price: Measure "How Much Wealth / Middle Class" have Home of a country. 90% Asset of Middle Class is Home. => Home Price & Canada's GDP/ Capital rank #1 or #2 in the World. Combine these 2 Data, we can say that Canada is the "Richest Country in the World"   => The Home Prices of Top 7 Housing have risen since 2000 -> 2021. Canada's Home Price has risen 170% #1, near double 2x UK 96.31%, 2x France 95.6%, 3x US 55%, 6x German 28.53%, 24x Italy 6.83%.  Canada began taking the lead in 2012. (Source: OECD) => Vancouver, Toronto in Top # 2nd Home Price in the World, while other countries are suffering post COVID-19 The Wealth Effect Theory: The Total Wealth of Middle Class 60% - 65% of population, who had Home in Canada, millions of them, combine in Few Trillions of dollars (around few thousands of Billions dollars of Wealth of Middle Class combined) , more than the combination of Wealth of few hundreds thousands of 5% Adult over 18 years old Canadian Millionaires and 50 Canadian Billionaires (around 300 Billions dollars of Wealth of 50 Billionaires, not much). In Capitalism, and Bottom Up Economics, the Middle Class is the Foundation of Economy and the Leading Force in Consumer Spending. Millions of Middle Class every day, who buy Home, buy car, pay mortgage, shopping, restaurant, help local business, pay Bills... generates Economic Activities 65% -> 70% (in US) of the Economy and GDP. The Canadian Middle Class is rich because of Home, top Housing of 7 richest countries G7 in OECD, is considered "The Richest Middle Class in The World". The Wealth Effect Theory: Increasing Home value adds on trillions into Canadian Middle Class 60% - 65% of population, who had Home in Canada, huge gift created from thin air. This huge money filters into Canadian Economy, helps Consumer Spending, this helps Economy and GDP. Every citizen, rich, poor has benefit. Which makes Canada and Canadian Middle Class became the richest number #1 or #2 in the world. To have such huge money in trillions of dollars of Wealth, other countries and their Middle Class have to work very vey hard. Many generations by generations can't create such huge wealth. No matter working very hard. You have to live as Canadian Middle Class, as Canadian Millionaires in order to understand. Not just the Middle Class, the majority of Canadian Millionaires are created by Home. The Wealth Effect Theory # 4 says that:  "Salary doesn't make you rich but Home" => We are Professional Scientist. We are trained and talked based on Data, and Analytics, Problems solving using Data. Not Mouth non sense, biased. Say a Scientist Professor, who teaches Data Analyst, Data Collection, Database Management, Data Relationship, Data Correlation. Data did not stand alone, but they have Relationship and Correlation to each others. He is A Canadian Scientist graduated from top #4 McMaster University. He lives in big City of Industrialized country for 30 y, went thru Life Experience in big City, from poor -> middle class, from Factory -> Scientist Professor, from salary 5$/hr = 9600$ / y = bottom 1% to Salary 50$/ hr = $100,000 / y = top 1%, 20y ago. He lives all kinds of life, wears all kinds of shoes, works of kinds of jobs, understand the economic and structure of life of big city, of Industrialized country. Because he has background as a Scientist, he can see things that normal people can't see. He went thru Life Experience in big City that not many Scientists go thru because he came from background non privileges, diverse, started life = 0, self-support. CANDO = Collect Data, Analyse Data, Normalize Data, Design Data, Organize Data. He says " As Scientist we tell the fact based on Data. It may make you feel Like or not Like. We don't produce Data to make people happy. We don't work that way against morality of a scientist, like Doctor."