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


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

- Game Theory click here.  | Millionaire Households Rank in the World Click | Toronto = GTA + City of Toronto Map, click here  
- Apply Economics on Toronto Housing's Problem Solving scientifically Click 
- Click Cost Buy home in 50 US's States in July, 2019. - Click. Salary needed to Buy Home in 20 major US Cities.
- Canadian Millionaires rank #2 by population in the World. Where they live? (some update) Click here
- See Up-to-Date "Wearing Mask": Help Reduce COVID-19 transmission. Can COVID-19 transmit by air-conditioner? Save lives.  Click here
- Reopen economy. Spike in COVID-19 cases in many countries. - WHO (World Health Organization) revises in July 7, 2020, on COVID-19 is Air Transmission, Airborne, on Mask in June 1. Take a while for WHO to get it right the important of Wearing Mask & COVID-19 airborne. Which a Scientist Professor recommended back in April, May (see Blog April, May) that: "- COVID-19 can spread via micro droplets, tiny particle. Which can linger, stay aloft in the air, and can travel in space in the air, poor ventilation. You could breath in COVID-19. When people talk loudly, coughing, sneezing, laughing in crowded public gathering, bar, night club, restaurant, closed contacted, closed room space. Need wearing Mask. If known at early stage of pandemics, during virus peak lockdown in April, 2020 ". Just in July 11, NHK Japan:- WHO confirmed: - Aerosol spread possible -> Which means COVID-19 spread thru air, airborne. People breath in COVID-19. Click here (up: July 23, 2020)
- We Explain Why Toronto Home Sales plunge 54% but Home Price up in Blog June, 2020  (July, 2020) Click here.

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

" - Few years ago, I was teaching and preparing materials, sitting in office with full of papers, reading materials, simple test, books. Now, new generation of Professors involve Start-ups, Entrepreneurship spirit -> Which will inspire students to create Start-ups, be Entrepreneurs. Very important. As we learn story of multi billion software company, it is is Start-up, Entrepreneur, Ideas, Innovation important. We need to change traditional mind set about software, technology. 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. (Udate: 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 Data in New Year Jan, 2021 - Click Here  

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

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

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

Update January, 2021 continue...

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

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

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

Important News in 2020
1) Interest Rate record low 0.25% thus Mortgage Rate very low in record is the main reason for the Home Price & Home Sales in record. Then Gov's COVID-19 Benefits package helps people and businesses thru COVID-19. Then low Supply Home. Then pent up Demand of March, April, May in first lockdown.
2) Semi Detached is the most profit in 2020. Home Sales also up. See Data -> Look at the last Profit column
3) GTA Detached Home both Home Price and Home Sales the most Demand in 2020. Because people move out the City of Toronto to suburban GTA out side the City of Toronto that becomes ghost town. Restaurant, Theatre, Head Offices, Banks, Gov Agencies closed. Condos in the City also less Demand. Because people also move to GTA. GTA Homes cheaper than City of Toronto.
4) COVID-19, City of Toronto ghost town, people need home because they Stay-Home, Work-from-Home, is the main reason Condos in the City and Home in GTA on Demand, Home Sales & Home Price up the most.
5) Ontario, Toronto is currently in State of Emergency, "Stay-Home" Order because of COVID-19 in 2nd wave. Could be untill Feb, 2021. (Jan 15,2001)


We continue posting more Data soon.

Update December, 2020

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

- It is not BIG home, SMALL home, TYPE of home, it is LOCATION, WHERE you live. A Semi-Detached Home in City of Toronto is 110,000$ more expensive than Detached Home in suburban GTA (Data). - Home Ownership: very important. Usually people Buy Home low Deposit less than 30% on mortgage at least 30 years, some people 35y, 40y... You bought home 15 y ago or since 2006, you only 1/2 road. If your mortgage 4000$ / month -> You in mortgage debt 4000$ x 12 m x 15 y =  720,000$ in Mortgage Debt. Buy Home, need Deposit at least 20% to SAVE hundreds of thousands dollars of Interest Payment, shorten a lot years of Mortgage.

- This 'older millennial' around 40s has Salary of Professor 105,000$. Can't Buy Home in Toronto. WHY? - Buy Home in Toronto, need salary 130,000$  for monthly mortgage + 20% deposit 250,000$ -> YOU RENT - Even if you have money for Deposit 250,000$. But do you have the salary 130,000$? -> YOU RENT - 20 year ago Ave price 217,000$ small mortgage, small salary. Now A Million Dollar, big mortgage, big salary -> YOU RENT. To Buy Home, need Salary + Deposit. Income or Salary proves to afford monthly payment. - A couple middle income like both Engineer, or Teacher salary 60,000$ each. OK. But do they have Deposit? - Borrow relatives or parent millionaire for investment. OK. -> A lot in Toronto. - Today, Have 250,000$, need Salary of Professor 50$/ hr = 100,000$ / year, work hard for 12 years. All about Data. See Become A Millionaire - Click here. We Scientists TALK DATA. Salary needed to Buy Home from CNBC: https://www.cnbc.com/2019/06/11/salary-needed-to-buy-a-home-in-major-us-cities.html - See Salary of Professor 20y ago 50$ / hr, 100,000$ / y. See his [ Cheque ] - In US, can Buy Home with 5%. A big Debt. A Home 400,000$, Deposit 5%= 20,000$. Carry A Big Debt 35 y.

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

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

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

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

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

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

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

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

5 biggest Canadian City	Data for November, 2020 Average	Last month Oct, 2020	Last Year, Nov 2019
Vancouver. 800,000 population, Tourism, Film Industry. Province BC. -> Rank #4 Ave Home Price in the world 1) Hong Kong 2) Singapore 3) Shanghais 4) Vancouver & Toronto 5) Shenzhen 6) Los Angeles 7) New York  8) London  9) Beijing 10) Paris -> by CNBC -These Cities' Price down in COVID-19. But not Toronto up significantly.	- Ave Home $1,044,000 - Price Up: 44,000$ - Home Sales up: 22.7%. Comp Last year Nov, 2019. Ave Home Price Vancouver Not change, compared Sept, 2019. While Toronto Up 20% = $196,000 in Aug, 2020 - Ave Detached Home = $$1,538,900 Price up 9.5%, Home Sales up: 27.8% Comp Last year Nov, 2019 - Townhouse  $814,800 Price +5.6%- Sales:+40.1% - Condo  $676,500 Price +3.4% Sales:+12.2%	Ave =  $1,045,100 Detach = $1,523,800 Townhouse  $813,000 Condo  $683,500	- Ave Home = $1,000,200 - Ave Detached Home = $1,415,400 - Ave Townhouse  $772,800 - Ave Condo  $651,500
Montreal. City of Province Quebec 2nd biggest City Canada after Toronto 1.75 millions population, Montreal University, McGill University.	Ave Home Price $423,400 Price up 17.5% Detached = $435,000 up 0.6% Y/Y Condos (Apt) = $316,000 down 2%	Last month Oct, 2020 Ave Home  = $418,000 Detach = $430,030 Condos = $323,500	Ave Price = $360,300 Detached = $350,500 Condos (Apt) = $290,000
Ottawa 1,000,000 population or 1m, Capital Canada. - Ottawa Capital is civilized, quiet, good place to live, less crowded, less all kinds of people like Toronto, mostly white color Employees working for Government Offices.  - Affordable Home and Rental. A Semi Detached Home in Toronto can buy 2 x Detached Ottawa	- Ave Home Price = $542,721 Price up 20% - Home Sales up 25% Comp Last year Nov, 2019 - Ave Detached Home = $602,892 Price up 20% Sales up: 26% - Ave Condo $361,758 Price up 15%, Sales up: 22%	Last month Oct, 2020 Ave Home =  $550,734 Detached = $603,253 Ave Condo = $368,936	This Detached Home in Ottawa 4 bed-rooms 529,500$ -> Click see bigger photo
City Calgary. Province Alberta 1.26 millions population, Canada Center Oil Producers.	Compared to last year Nov, 2019. Ave Home = $423,600 Price up 1.6% - Home Sales up 24.5% Detached = $492,800 up 2.9% Y/Y Semi = $395,100 down 1.3% Y/Y Town Home = $282,200 down 0.5% Condos (Apt) = $245,400 down 1.1%	Last Oct 2020, Ave Home = $422,600 Detach = $489,800 Semi = $394,700 Town =$274,400 Condos = $248,600
Kitchener- Waterloo 234,000 population, Hi-tech, Start-up, Canada Silicon Valley, Waterloo Univ, Head Office of Black Berry, Nortel, Head Office of Google Canada ...	Compared to last year Nov, 2019. - Ave Home $637,366  Price up 13% - Sales up: 28%. Detached = $753,641 Price up 14.4% Sales +28.6% Semi = $562,9898 Price up 30.4% Sales +5.2% Town Home = $482,901 Price +8.6% Sales +53.4% Condo = $400,822 Price up 12% Sales +60.7%	Last month Oct 2020, Ave = $635,301  - Detached = $742,596 - Semi = $539,434 - Town  = $499,641 - Condo = $395,627	Province's Ave Home Price Quebec =  $340,200 Newfoundland & Labrador =   $281,900 Saskatchewan = $283,371 Winnipeg = $286,500 Halifax = $393,461 Alberta = $405,500

We will continue updating ...

November, 2020 

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

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

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

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

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

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

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

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

Important News in November, 2020:

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

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

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

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

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

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

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

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

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

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

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

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

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

How big is A Canadian Dream for an Immigrant? -> Depend on How Big is your Dream. In Canada, if you are millionaire -> You are on top 4.8% Canadian population. Toronto creates most millionaires more than half in Canada.
In any country, we need to dream big what ever situation. We see people low dream, small dream  -> Easy life, self satisfied. Feel enough, satisfied, happy even don't have anything. We see people with no dream. Dream Big means work harder, try harder, smarter, more challenging, obstacles, people jealousy, life hardship, difficulties... Dream small easier. No hard work. No struggle.

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

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

But not all Immigrants are success. Empty. No dream.
No where in the World is heaven, easy for success. Not comfort zone. In Canada, Toronto, to be Rich -> Need Home. No Home -> Never Rich.
A Scientist Professor has proved that you will not millionaire if don't meet the condition: 1) 150,000$ Income or Salary /year for continuously 20 years OR 2) Have A Home in Toronto at least 20 y.
- Life in Canada, Toronto, in US, in Europe, in Japan, in industrialized countries is not easy to get rich, not easy become a millionaire. ...
A Story: An immigrant lives in Japan for 10y. During COVID-19, she doesn't have enough money to live. Japan minimum wage, like South Korean, China very low. She asked family back home sending her money to live. This story is different story a Filipino female in Canada, worked in Hotel, lost job. She got 2000$ COVID-19 benefit for a year. She sent money back home to help her family.
In Canada, Toronto unless you have Home at least 20 y, you will not become millionaire. Unless high salary like Professor, you bought Home, sign contract at least 30y, 35y, 40y...
- If you bought home 15 years ago, since 2006, you are only 1/2 road, still Bank's home, because the Bank is like investor, stake holder lend you money to buy home. Assume your mortgage monthly = 4000$ / month, include interest payment, the big debt, mortgage debt = .4000$ x 12 mo x 15 y =  720,000$. Your mortgage Payment monthly most 70% pay for Interest Payment because small Deposit. That's why buy home, need at least 20% Deposit a requirement.

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

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

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

October 2020



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

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

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

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

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

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

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

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

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

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

A Scientist Professor says: "- Please use "official Data", which has been collected, analyzed, normalized by Scientists in Real estate Industry collecting thousands of Data from thousands of Property already sold for that month. Thus Data changed every month. For example. 1) Do not use nor listen to mouth: *he said, she said Data, biased, exaggeration, lack of knowledge*, unknown sources Data, straight mouth data. ->  Exaggeration. -> That's why Real Estate Industry has used One Ave Home Price for a whole City. -> Do not  Pick-up Homes in some expensive Homes few millions in some expensive Areas like Toronto Downtown, New York Manhattan Downtown then imply as Home Price for a whole City. There are hundreds of thousands of Homes in a City. Each Home is different even on the same street. -> A Home Renovation could cost at least 50,000$ easily. Thus increases value of Home at least 50K. For example, Open Space Architecture, Floor, modernized new Kitchen, Living Room, extra bed rooms, bath room, basement .... Just replace all 10 Windows, Door cost 12,000$. Knock down walls, make Open Space Architecture cost 15,000$. Replace old dirty Floor, you can hear sound when walking with New Quality Hard Wood Floor could cost 8000$. Modernize Basement with extra Bed-Rooms, extend Bath Room more space taking shower, Kitchen ... like an Apartment cost 25,000$. When buy new home, your basement is empty like a laundry room. New Painting all home's walls cost around 500$. For example, to  compare Hong Kong, New York, Toronto, Scientist can't pickup some areas of  expensive home, condos, property in Hong Kong, New York Downtown Manhattan, or in some locations in Toronto, Condos = 3 millions, Home = 5 millions, not accuracy, Not fairness distribution, exaggeration. They used Ave Home Price. -> From Ave Home Price, for easy Evaluation, Calculation, Fairness Distribution, Accuracy, good for Historic Data -> We can see 1) Hong Kong, 2) Singapore had a lot rich millionaires, richest in Asia. High Home Price than Toronto, New York, London, Paris, Tokyo. Without One Ave Home Price, scientist will have tens of thousands of different Data in different areas, tens of thousands of mouth Data, he said, she said ... Impossible to measure accuracy. Thus easy to exaggeration price, pump up price by rumour, by mouth not "Official Data", false information, easy manipulation price, not honesty, lack of knowledge No good for Home Market. 2) Deposit 300,000$ for 20% to buy a new 1.5 millions dollars Home, ignore 1.2 million dollars debt = It's Bank Home if own less than 15 years. Not A millionaire but A million Debt, still nothing. Asset = 300,000$, Debt = -1.2 millions => Total Debt > Total Asset. Gain = 1.5 mill not yet gain -> Need work hard at least 35y to pay for big debt = 1.2 millions dollars. During 30y Lost Job -> Lost Home. While Lost = -1.2 mil in debt. ->  Exaggeration. Human Being Behaviour is greed & fear. They focus on Gain not Lost. Scientist called this is "Behaviour Economics", even they are professionals with University Degree. Behaviour Economics: is a study of individual's behaviour reacts to different economic conditions, different economic policy, different economic outcome. Behaviour Economics shows that most people behaviour "irrational" to economic decision making. People would always make optimal decisions that provide them with the greatest benefit, feeling good, and satisfaction, even "irrational". Human Beings in Behave Economics is "Emotional" biased, unpredictable, Irrational thinking of common people for their own Benefit, their own Gain. Understand Behaviour Economics helps Scientist design Economic Policy, Economic Modeling, Sales & Marketing ... and understanding "irrational reactions" of individuals. Which "Tradition Economics" can't help and explain because it is "irrational". For example, hard to explain them that it is "A Million Debt not A Millionaire" . Behave Economics helps explain Why? - Why Toronto Condos sales low only 9.2%? Why during COVID-19, Toronto Home Price high in record ... A Story: A man shows off girl friend his 1.3 millions dollars Home. The girl is impressive. But actually, he bought a million dollars Home with 10% Deposit = 130,000$. After marriage, the girls understands his Total Asset = 130,000$ and Total Debt = 1.2 million dollars to pay off for 35 years. She has to work very hard 30 y or more to pay off this debt. Lack of knowledge of Data, this girl carries a big debt A Million dollar Debt into her future. Because lack of knowledge of Data, the girl thinks very simple minded. People are poor because lack of knowledge of Data   3) Need own home at least 15 years + Buy Home with high deposit at least 20% -> Else still Bank's Home. -> Buy a 500,000$ Home with 10% Deposit = 50,000$ -> Then think I have 1/2 millions but actually Have only 50K. Need work hard 35y pay off 450,000$ debt. ->  Exaggeration. This situation when low salary, low wage thus buy home with 1) small deposit like 5%, 10%. Or when Buy Home with 2) big mortgage like A Million Dollars Home in Toronto. Thus extends mortgage payment to at least 30y, 35 years, 40y. => In Canada, after Jan, 2018, Stress Test require at least 20% Deposit + Good Salary. Because prevent people abandon home with small deposit 5% = 25,000$ for 500,000$ Home to pay off Home for 35 years, 40 years. Money pay mortgage / month just paid for Interest. When Interest rate goes Up -> Home Price goes Down. They abandon their home, lost only 25,000$ Deposit 5%. It happened during Financial Crisis 2008-09. In US still Buy Home with small Deposit like 5%. -> People complains: - Not fair for low Income, working class. Thus only Rich Middle Class, Millionaires who have a lot money Buy Home with high Deposit like at least 20%. -> Buy 500,000$ Home need 100,000$ of 20% Deposit. Not 25,000$ of 5% Deposit. - How could we have such 100K a lot of money Buy Home with 20% Deposit? - Not fair. -> Low Income, low wage work hard 40y to have 100K to Buy Home. Too late, Home already up triple. While a Professor only 5 years. -> It is fair. Because while people Buy A Home = 500,000$, they pay 100,000$ for 20% Deposit. While you pay only 25,000$ for 5% Deposit. Not fair for people pay 100K. When Home Price Up, every one gets same Profit. But when Lost Job, or Home Price down, or Home cooling down, you abandon your home first, lost only 25,000$ -> Not honesty. -> That's why Financial Crisis happened in 2008-2009. While the people pay 100K still keep home or lost 100K. NOTE: We as Scientist is to use Data and tell the fact, educate people Data, always better. Not about rich or poor, working class or middle class or millionaire. A Story: - A Professor 20y ago, working 3 months = 15 years working of a couple combined salary in Factory for saving 25,000$ in order to Buy Home for 10% Deposit, when 20y ago, Ave Home Price in Toronto = 217,000$. https://www.cnbc.com/2019/06/11/salary-needed-to-buy-a-home-in-major-us-cities.html According to CNBC, Saving depend where you live because of Living expensive, in Ohio, Columbus take 12 years to save 29,000$, in Chicago, Illinois take 17 years to Save 50,000$, in New York City, take 36 years to Save 109,313$ A Story: I have seen a couple 9am -5pm, every day, are driving same car go to work in the same Factory for 25 years just for Home. No choice. In Canada, US, people bring their relatives working in same factory low wage. Save car, gas. Easy get job this way. People get rich, Millionaire because of Home. But also people lost Job, lost Home, lost Family because of Home.   That's why need working hard 20y paid off mortgage. That's why Data tells only 250,000 millionaires, 2.5% in Toronto & GTA of population 9.6 millions, while the number of A Million dollars Home much more than the number of A Millionaire. For example, in Toronto, if own Ave Home Price = A Million Dollar Home is A Millionaire then just Toronto number of millionaires more than richest countries in Europe like  German, UK, Italy, France in G7. A Professor said: - Base on my own Assumption Theory, as an Economic Theory : Wealth creates Wealth. In the next 5 years, Toronto will be a lot millionaires, more than Hong Kong, Singapore, New York, London, Paris, Tokyo, Berlin, Rome ... Toronto's population 9.6 m more than New York City 8.5m. And Ave Home Price in Toronto much higher than New York. Wealth creates Wealth ->  A lot of rich people will afford high Home Price, thus push Home Price higher, like in 2020, price up = 200,000$. The more Home Price higher, the more they will be richer -> Thus "more Wealth created" -> Thus there is always Demand of Home Buyers for higher Home Price. Middle Class Home Owners, Millionaires, whose Wealth created more than 20y ago, accountable for 55% of Home Buyers in Toronto -> For example, a person started life = 0, Buy Home 20y ago -> Now can afford 3 x Detached Home with high deposit = 20%, based on latest Data of Home Price in 2020 -> Thus there are always Demand of Home Buyers can afford high Home Price. Thus pushing Home Price higher. When Demand up shift Right -> Higher Price. According to my own assumption Economy Theory "Wealth creates Wealth. Wealth effect." -> That's why during COVID-19, Economy no good, millions of people lost Jobs, very high Unemployment -> But Ave Home Detached = 1.5 million still a lot of people Buy Home, sales up 65%, Semi up 81% this month. No worry about high Home Price -> No Home Buyer. But worry about down Home Price -> No Buyer. For example, Like Toronto Market cooling during 2017. Home Price down 33% -> But Less Buyers when Low Price. This is called "Wealth Creates Wealth" Theory = When Price up. People richer, more Wealth created  -> More Demand, more Home Buyers -> Demand shift Right -> Push Price higher. Vice versa. When Price down. People less Wealth -> Less Demand shift Left, less Home Buyers -> Push Price lower.. This "Wealth Effect" Economic Theory contradicts with "Tradition Economist" that said :- When Home Price high -> Less Demand of Home Buyers -> Demand shift left not right -> Home Price will down. Right now, a lot Economist. including Senior Economic from a Bank, predicts Toronto Home Price will be lower. This prediction has been since 20y ago. But Toronto Home Price keeps double every 10y. -> Data of Toronto Home Price in the past 37 years also said so. Home different with Car, Food, other Items, when Price up, less Demand of Buyer -> Because Home creates Wealth. More higher Price -> People have more Wealth created -> More Demand of Buyer -> Push Home Price even higher -> No worry if Home Price higher no Buyers. Let Home Price adapts to Market Conditions of Demand / Supply. From "Wealth creates Wealth. Wealth effect" Theory, we can explain why other Cities in the world, very hard to have high Home Price like Rank Hong Kong #1, Singapore #2, Toronto #3, because they don't have a lot of rich middle class, millionaires population as potential Customers of Home Buyers like Toronto, Hong Kong, Singapore, in order to afford Buy Home Ave = A Million Dollars Home. NOTE: Toronto, 9.6 millions population, of course Toronto includes GTA is its Districts, like other big City, while New York City and its Districts around 8.5 millions population, Tokyo 9.2 mil population, Paris 2.1m, Berlin 3.8 mil, London 8.9 mil. By population Canada only 37.8 millions, Toronto is biggest city of population in the world. See far -> You make money. Become A Millionaire. That's why I say need working hard 20y paid off mortgage for A million dollars Home of Detached or Semi, Ownership at least 90%. Lost job, Lost Income -> Lost Home. You still need keeping Home, working for Home at least 20y. The best Evaluation for Home is to base on latest Ave Home Price detached or semi Data. For example, when we said: "- Toronto home increased double in 10 -> 12 years. Or Toronto Home Price up faster than salary. Or Toronto replaces Vancouver in higher Home Price in all categories, such as, Home, Condos, Town home" -> At least we provide some Data. Others just said straight from mouth, no Data. Unfortunately, there are people who used to talk no Data straight from mouth -> Like to hear, listen to mouth no Data. -> Without Data, the ability of "Problem Solving", "Making Decision" is no good, simple minded, the ability of Analytics is weak, narrow, small minded, not accuracy, not see far.   Talk data please. Not Scientist speaking, but Data speaking itself the fact. That's why dishonesty people don't like Data For example; See the Story on the left -> How much Data we provide in a short story. -> What you said is not approved until you show some Data. . Having a lot Data, access to Data doesn't mean understand Data. Need Data & Computer Scientist used Data see far, and Make sense of Data. In software design, experience Data and Computer Scientists use Data to model Data for application first, then design screen, back end, front end.... Which means they talk Data Relationship, Data Modeling first - the most difficult & challenging, not Gui, screen, look and feel, the easiest part. While less experience software design talk about screen, look and feel, colors first, spend a lot of time, because lack of knowledge in Data.

A Story: That has some history about Toronto Home Market, and common people who live in this lovely big city. How They Buy Home back 20y ago. - In Toronto, I know so many people, couples, families. As a Canadian Scientist, I understand, know Toronto deeply because I wear all kinds of shoes, poor, working lass, middle class, factory, scientist, professor. I live in Toronto many decades, an educated scientist, and come from very poor, no privileges, started life = 0 in Toronto. Like immigrants in new country, they worked so hard, low wage to make ends meet. Can't back to school, no education, Factory is only place they go. I used to work in a car factory when young. Two people operated a machine, that was cutting parts for car. One person ran machine. I picked car part came out from machine, put in a wagon, arranged part in order. Then tied them. I picked a part around 5 -> 10 pounds, must be  fast, put in a wagon. Or else parts dropped on floor. Thus stopped machine, less parts making, no productivity. I could get fired or blamed. It is called "fast pace environment" need flexible like bamboo - Before me, a worker, 6ft strong, could not stand for 3 months. Then he quit. After done a day going home, I disarrayed both psychically & mentally even very young at 18. People work in factory all had car. They can't afford spend hours taking bus back & forth, after a working day stress and tiered. Need get up early in the morning and on time. Few times late, you could be fired. Canada winter snow. Go work by car better than take bus. Thus low wage and cost more, hardly save money after living expensive. - A young couple came Toronto in 1983 as immigrant. In 1983, Ave Home = 105,000$. - They started career working minimum wage around 4.50$ / hr = 720$ / m. Both had car go work. Took 15y Saving 25,000$ for a small deposit 10% to buy a home in 1998. - In 1983, Ave Home = 102,000$. But need Save money for a deposit. -> Took them after 15y saving, in 1998, Ave Home = 217,000$ already double. Lucky they had saved 25,000$ in 1998 buy home with small deposit 10% -> Today, July 2020, Ave Home = 1,017,320$ -> Now, they are rich in mid 50s.  According to CNBC, Saving depends where you live because of Living expensive. In Ohio, Columbus, less expensive City, in today money take 12 years to save 29,000$, in Chicago, Illinois take 17 years to Save 50,000$, in New York City, take 36 years to Save 109,313$ , in Los Angeles take 43 year to Save 120,000$. The couple live in Toronto 30 y ago money, not today money, working minimum wage, both have car, take 15 years to save 25,000$ is good Saving 20y ago. Even today, after 10y working, in Toronto a lot people Have 0 still in debt. -> https://www.cnbc.com/2019/06/11/salary-needed-to-buy-a-home-in-major-us-cities.html   A Scientist Professor said : -Toronto Home seems double every 10y -> 12y. Summary 37 years History of Toronto Home. Go back to 1983. In 1983, ave Home = 101,626$, in 1993, ave Home = 206,490 $ double in 10y. In 1998 Ave Home = 217,000$, in 2010 ave Home = 431,276$, double in 12y, in 2020 ave Home = 1,017,320$, more than double in 10y. In next 5 years, could increase 1/2 its value Ave = 1,5 millions. When Ave Home increased, it will pull all price of all kinds of Properties increase, of course. See Data we show compared to last year 2019 -> In 2020, Ave Home Price up -> Price Detached, Semi also increased. You see just this year, Toronto Home has increased 195,661$ in one year. And Home Sales on record with such record Home Price. How many times we hear from Senior Economics, Bank Analysts, Chief Economics said that Toronto Home Price will go down since 20y ago. Just recently, During COVID-19 crisis one in 100 years, worst more than Financial crisis 2008-09, they said Toronto Home will go down. During lock down 3 months, sales down 70% in April, 2020. But not only nothing happened, but also Home Price, Home Sales went up in record. Using Data, we proved that in the past 37 years thru many times economic recession, Home cooling down few times, but Toronto Home going strong. It keeps double every 10y. Data said so, a fact. NOTE: Professor David. D, 20y ago in 1998, his salary already 100,000$, or 50$ / hr (minimum wage 5.50 $ /hr), in today money around 200,000$. He started career as a Canadian Scientist Professor 15 years after the immigrant couple started career in 1983. His dream as a Canadian Scientist Professor has done 20y ago. After that, doesn't matter. See Cheque. I want to share story to young people get started life =0 in big city that try your best. Millennial in 26 - 39 year old, you have only 13 years of the Young, the Restless, the ambitious big Dream, in order to make big after school, and start life = 0. Get your dream done as soon as possible. In 13 years, you need to have good salary to get 2 biggest items: - a Home and a Car to work. -> Which means you need to Save and Have 100K in 13 years, before 40s. In big city like Toronto, need 200K to have Home and Car. Then you work entire life 25y, 30y just for a Home. Every day, people go to work just for home. Without Home, they don't care much.  No Home is Nothing. Home makes you rich, something, and your girl friend happy. Car after 10y is =0, garbage. To have 100K needs good education -> Be a Scientist. Before getting into Start-up, dream big to become millionaire, billionaire -> Get a home first.   This millionaire couple on the beach buy home early 20y ago, when home so cheap. - Today buy home harder even minim wage = 14$ / hr, a combined salary = 28$ /hr = 53K /y, harder Buy Home + Stress Test, hard policy. Today, in Toronto required salary = 130K /y + high Deposit not 10%. Because Home Price up so fast than salary. 1998, 2000 mini wage = 5.5$ / hr -> 2020 = 14$ /hr, up 2.5x time. Home 1998 -> 2020 up 5x time, from 217,000$ in 1998 -> July 2020, Ave Home = 1,017,320$. + Rent, Life Expensive up fast by inflation -> Harder Buy Home than 20y ago. -> 20 years ago, Buy Home so easy, cheap, not hot, not many immigrants like today. But, people didn't want to buy home because they want to live mobile, move around. Or they live and sell home less than 10y. Don't want to stick in one place for 10y or more. In 80s, 90s, Interest Rate was very high, like around 7% at least 28 times more than today 0.25%. No Stress Test, no check Salary. People low wage buy home small deposit like 10%. Will take 30y, 35y paid off home. Today, they rich because Home Price in Toronto up so fast. NOTE: Immigrants after 5 years will become Canadian. Canada is a diverse country. Canadian come from all kinds of backgrounds. In 2016, Toronto 51.5% are non white Canadian according to official Data from Gov Stat Can, almost from Asian background. In schools, in neighbours, at work, you will see a lot of Canadian Asian background. As Canadian, you work hard, pay taxes, contribute to society like any Canadian. NOTE: Around 35% -> 40% of Immigrants come to Canada go to Toronto, most from Asia -> From 2016 -> 2020, around 300,000 -> 350,000 immigrants / year to Canada. 60% are rich Economic Immigrants. Then Family re-unification. These immigrants will open small business, hire more people. They Buy Home or Rent Home good for Toronto Home Demand, which also helps rich Canadian Home Owners pay Rent by Rent to Immigrant. Immigrants spend & invest in Canada Economy. In Factory's floor, almost 95% are working, where Canadian less likely to work in Factory. Toronto is Head Office of big Banks & Financial Hub and Manufacture Hub of Canada, contributes around 60% of all Goods Export in Canada. -> Since 2016, around 120,000 ( -> 150,000) immigrants / year x 4 years = 480,000 immigrants to Toronto. This translates to population of non whites in Toronto to around 54%. -> Other cities not sure you can rich fast like Toronto. Today, Toronto replaces Vancouver where Home Price rank #4 in the world, after Hong Kong, Singapore. -  I started career in 1998, 15y after the couple in 1983, as Professor, 50$ / hr or 100,000$ / year. 20y ago, Teacher, 12$ /hr, Software Developer 13$/ hr, Factory worker 5.50$ /hr. => Look my cheque, I just need working 3 months = That couple * both combined income * working 15y saving 25,000$. In Canada like any rich industrialized countries, G7 like Japan, US, German. Just Income Tax 20% + Rent 35% + Car 15% = 70% income. Not include Grocery, Phone, Restaurant, Travel, Misc Spending. 20 year ago, it is very hard to save 25,000$ after 15 year working. Today, you work low wage, minimum wage, after 10y, how much do you have? - I think this couple could Buy Home in Toronto, because: they prepared 15 y for home, since started working in 1983, buy home in 1998, when home cheap ave 217,000$. - If you started working in 2000, even in 1998, as factory, or low wage, like this couple. You prepared 17y behind them -> Very hard buy home, because by the time have Deposit, Ave Home Price = 500,00K, more than double not 217,000$. And the couple buy home as couple combined income, not single one. - Let's meet Professors, people's Professionals very high income how they buy home in Toronto. I know a lot of Professors. A friend of mine, who is in early 40s at the time he bought home. He started career in 2008, 12 year ago, as Professor, salary a little above 100K, on Sunshine List of public employees, whose salary >= 100,000$. Not all Professors on Sunshine List >= 100,000$. He said, just bought a  home in Toronto in 2020, where ave Home around 1 million. It took him 12y for saving 200K for 20% deposit for a million dollars Home in Toronto. Thus basically, just buy home only 1 year -> Still bank home. Need to own Home at least 15 years before you said your Home. The couple started in 1983 working in factory, buy home in 1998, much richer, at least 4 x times based on ave Home Price July, 2020 in Toronto, more than the Professor who started career 12y ago in 2008, buy home in 2020. Why? Because of Buy Home in Toronto 20y early. While the Professor after working in 12 years have around 200,000$. Even the Professor started career 15 y ago.-> We talk about Home in Toronto only, other cities not sure. A Scientist does research about Home in Toronto said: - " On average, Toronto Home returned on investment (ROI) each year around 50,000$ -> 60,000$, equal to salary 67K / year -> 82 K / year before Income Tax. This year it returned on investment 2020 ROI = 191,416$. In 20y it returns 1 millions. " Need Data & Computer Scientist who used Data can see far and Make sense of Data. Don't use mouth data from mouth. What you think is wrong. -> 90% people think the immigrant factory couple buy home 20y ago is poorer than the Professor salary over 100K. People who sell their home moved out of Toronto are dumb, because lack of Data. Having access to Data doesn't mean to understand Data, you need Data Scientist to make sense of Data. - Education made a big difference. Data made easy to understand story than mouth   NOTE: - Canada millionaires population if compared By Number rank #6, after US, China, Japan, German, UK. If compared By Population of 37.6 m, Canada rank #2 after US. - More than 1/2 Canadian millionaires population live in Toronto and rich by Home. - Recently, a new increase in Home values 20.1% up around 200,000$ (a lot) in Toronto helps add-on extra tens of thousands of Canadian become millionaires. -> Says a Professor: - This does not happens in any country in the world, because its Home value down in COVID-19. - Canada is a compassionate country, like Child Benefit 850$ / month/ child. Child Benefit helps rich, poor family, increase population, until child 18 years old. Canada pumps 346 billions Gov Fiscal Policy,  Plus Central Bank's Monetary Policy on Interest Rate very low on record 0.25% into Economy, 37.6 millions population, mostly helps average Canadian and Businesses, who used COVID-19 benefit packages money to pay Rent (home mortgage or rent) 1st priority, then food, bills. Which helps the Economy, G7's Consumer Spending 65% of GDP, in US 70% of GDP, more than combined: Gov Spending + Business Spending & Investment + Export, and Real Estate Industry Up across Canada, like Ottawa up 22%. Because less people travel abroad spending, this money continues circulate within the Economy. Help local Community & Businesses. => Home Price up across Canada, not just in Toronto add on values of 200 billions dollars, also outside Toronto, Home Price add-on 100 B into Consumer Spending, the main factor of Economic Recovery. What is Consumer Spending: is millions of people, citizens every day pay bills, pay mortgage, pay taxes from purchases, from spending, buy home, buy products & services, buy food, eat restaurant, travel ... is Consumer Spending. The more money in people's pocket the better for Consumer Spending. Using Gov Fiscal Policy like CERB benefits COVID-19, and Central Bank's Momentary Policy like low Interest Rate helps boost Consumer Spending. -> Thus Economic Recovery and Increase GDP. In good time, Consumer Spending depends much on Middle Class. According to "Wealth Effect Theory" the more wealth middle class, the better Consumer Spending. Thus better for Economy, GDP. In Canada Consumer Spending nearly 1.2 trillions of dollars each year on 37.6 m population. Government, Businesses don't have such money to spend, only the middle class. Total Asset of Canadian Middle class could be around 6 trillions of dollars of wealth. This Wealth mostly created by Home, continue growth. Middle Class is the leading force in Consumer Spending. In Canada, the number of Middle Class in few millions of people, Ave Asset = 350,00$. Which rank Middle Class Canadian number # 1 in the world by Wealth, comes from Home, more than Singapore. While the number of Millionaires in few hundreds of thousands. The Total Asset or Total Wealth of Millionaires + Billionaires in 1 trillions dollars. Total Wealth of Middle Class in few Trillions dollars. For example, Toronto = 200B, and across Canada = 100B, from Home Price up add-on 300 billion dollars from Middle Class into Consumer Spending. => This is  "Wealth Effect Theory" benefit for every one, rich, poor, money filter in society, in businesses.-> Home Price up across Canada add on 300 B into people's pocket. This money created from thin air. "The Wealth Effect Theory" : is an Economic Theory from a Scientist Professor D.D. His theory came from background as a Data Scientist, a Computer Scientist, an Economist, and many decades grew up young, live in big city like Toronto. His real life experience from started life  = 0, poor, from bottom, Working Class to Middle Class, from Factory to Scientist, Professor, which shapes his view, his philosophy, helps him understand better You need to Live Thru to understand. No school teaches you this experience.   - Anyone wish to become millionaire -> Work hard & Be it. No jealousy. - Try your best. I try to help you Become A Millionaire. Update: Oct 1, 2020 How Do You Know A Person Is Millionaire? - You Don't Know. 1) You can't check bank account, their money, their asset somewhere. -> Can't check hundreds of thousands Millionaires this way. Dumb. Impossible. 2) You can't check outside: He/She looking nice elegant Cloths, only 500$, latest luxury iPhone only 1500$, nice Car, only 100K car, Cash the way spending become poor, Travel, Eat, Beer... Cloths, Phone, Car, Cash, Leisure Spending = small stuff. 3) You can't listen to Mouth: For example, a person said: "- I buy this Home 1.5 millions dollars" -> But actually, 1.2 millions Debt. But you can Evaluate Who Is A Millionaire. How? -> Home. Become A Millionaire. 90% Wealth, Asset of a person is Home. Go back 20 years: Toronto Home Returns On Investment ROI each year in 20y around 65,000$ -> 75,000$. 1) If Buy Detached Home 20y ago, Ave = 217,000$ -> 2020 Detached = 1.5 millions. ROI = 75,000$ / year = Salary 105,000$ / year. After Income Tax = 75K/ year 2) If Buy Semi Detached Home 20y ago, Ave = 217,000$ -> in 2020 Semi = 1.29 millions. ROI = 65K / year = 85K Salary / year.   Buy either Detached or Semi Detached in Toronto with high Deposit at least 30%, at least 20y -> Become A Millionaire -> Based on DATA in 2020. But need few Conditions: 1) Home Location: Toronto, Vancouver. 2) Home Ownership: at least 20 years 3) Home Down payment or Deposit at least 25%. NOTE: Deposit 10% or less 5% takes 30y, 35y, 40y -> Still need work hard extra 10 y more. Become A Millionaire. Need: 1) Education: Give you the Ability to make more Money in order to Buy Home. 2) Location: Live in big City like Toronto where most Millionaires are created. Hard to Become A Millionaire in small town. All about Data: is based on latest Home Data in Toronto 2020. Which helps Data Scientist easy calculate. No mouth.   As a Scientist Professor, I just update Official Data, make sense Data, and educate people about Data. Use it correctly. Do not bias me - Just do my job as a scientist. I don't invented Data straight from mouth. I got Data from most trusted public sources, big corporations. There are 260,000 millionaires 2.5% of Toronto & GTA population, and hundreds of thousands middle class in Toronto & GTA in 9.6 m population. " - I will continue talking about Toronto Home, and other big 5 cities including Vancouver rank#4 Home Price in the World. I have followed Toronto Home Market every months since 2017 " Professor David. D, 20y ago in 1998, his salary already 100,000$, 50$ / hr (minimum wage 5.50 $ /hr), in today money around 200,000$. Click see Cheque NOTE: Superman is good and kind person. Any one can be superman. I wear superman t-shirt make me feel young, energy.

Update September 2020 
Data released on Sept 5, 2020:
Average Home Price for all Properties in Toronto for month August, 2020 is: $1,012,506 compared to  August 2019 = $816,845  -> An increase $195,661, Home Price up 20.1%. Home Sales Up 40.3% a record high, compared to last year Aug, 2019 when no COVID-19.
Home Price changed ups/ downs month to month not important, not "real change". Compare year to year, take a year to see "real change" more accuracy.

Toronto takes the lead, surpasses Vancouver Home Price in all kinds of Properties, Home, Town home, Condos.

In GTA (Greater Toronto Area, districts around Toronto), August, 2020, Home Price = 951,404$ compared to  last year Aug 2019 = $792,134
- In August 2020, Detached Home in GTA = $1,023,987 - Last month =$1,060,318. Last year = $946,256

Important News: The reason for Home Sales & Home Price in record high because:
1) As usually number #1: - The Interest Rate still at 0.25% record low, borrowing cost to buy home is very low -> Demand up
2) The Supply issues - still lack of Home Supply -> Supply decreased
3) The Demand up because in the time of COVID-19, people don't travel, stay local. So they shop for home, and pent up Demand from spring March -> May, when people stay home lock down during peak COVID-19. Now they buy home. -> Demand up.
4) Canada pumps up 343 billions dollars into economy in order to support 37.6 m small population of Canadian, Businesses all kinds of COVID-19 Benefit packages -> Demand up

Why Condos Sales is not much only 9.2 %  in Toronto?
- Because Condos usually attract young buyers, who don't have enough down payment, salary requirement to buy Home. They work in Toronto or Downtown. In COVID-19 time, people are working from home, from anywhere. And also because "The condominium apartment market experienced a dip in sales and new listings in the second quarter of 2020, as many potential buyers moved to the sidelines as a result of public health measures taken to combat COVID-19 and the resulting economic downturn" -> People are afraid to live in Condos, where they share with a lot of crowded people, up/ down in elevator, in corridor with a lot people, crowded every day. -> So they choose to buy home far away outside Toronto, where they live outside Toronto, their home town but got job in Toronto. They need 1) more space, avoid COVID-19 in Condos 3's C = Closed Contacts, Crowded Places with many people, Confined Spaces, still 2) work from home, 3) get good price of a Home outside Toronto, suburban,  around 600,000$, same as Ave Toronto Condos = 673,714$ in Toronto. This is pushing Home Price outside Toronto higher. However, Condos rental is up 40%. The Ave Condos rent about 2083$ / month in Toronto.
When not enough money for down payment around 200,000$, and salary requirement to Buy Home in Toronto around 130,000$, either they choose 1) Condos Rent or 2) Buy Home out side Toronto, work from home, more space, less worry COVID-19 living in CONDOS, cheaper Home Price outside Toronto, same price with Condos in Toronto. That's why you see big building office of the big banks, big head office of corporations are empty in Downtown in Toronto. Because people work from home -> That's why Home Sales of Condos in Toronto not much only 9.2%.

According to a Scientist Professor:
In general, when Supply is low, and Demand is high -> Price is increased, higher, and vice versa.

5 biggest Canadian City's Data released on September, 2020 for Home Data August, 2020.

5 biggest Canadian City	Data for Month August, 2020 Average	Last Month July 2020	Last Year, Aug 2019
Vancouver. 675,000 population, Tourism, Film Industry. Province BC -> Rank #4 Ave Home Price in the world 1) Hong Kong 2) Singapore 3) Shanghais 4) Vancouver & Toronto 5) Shenzhen 6) Los Angeles 7) New York  8) London  9) Beijing  10) Paris -> by CNBC -These Cities' Home Price down alot in COVID-19. - Toronto takes over Vancouver higher price in all categories of property: Detached, Semi, Town Home, Condos	- Ave Home $1,038,700 Home Sales up 5.3% Comp Last year Aug, 2019. Ave Home Price Vancouver Not change, compared Aug, 2019. While Toronto Up 20% = $196,000. - Ave Detached Home = $1,491,300 Price up 6.6% Comp Last year Aug, 2019 - Townhouse  $806,400 Price up 4.4% - Condo  $685,800 Price up 4.5%	- Ave = $1,031,400 - Detached Home = $1,477,800 - Townhouse  $797,700 - Condo   682,500	- Ave Home = $1,001,200 - Ave Detached Home = $1,406,700 - Ave Townhouse  $771,900 - Ave Condo  $654,000
Montreal. City of Province Quebec 2rd biggest City Canada after Toronto 1.75 millions population, Montreal University, McGill University.	$440,000 (N/A)	$440,000	$367,800
Ottawa 1,000,000 population or 1m, Capital Canada. - Ottawa Capital is civilized, quiet, good place to live, less crowded, less all kinds of people like Toronto, mostly white color Employees working for Government Offices.  - Affordable Home and Rental. A Semi Detached Home in Toronto can buy 2 x Detached Home in Ottawa	Ave Home = $592,548 Price up 22% compared Last Year Aug, 2019 Ave Condo = $383,640 Price up 24% compared Last Year Aug, 2019	July, 2020, Ave Home = $560,836 Ave Condo = $352,847	This Detached Home in Ottawa 4 bed-rooms 529,500$ -> Click see bigger photo
Calgary. Province Alberta 1.26 millions population, Canada Center Oil Producers.	Ave Home = $420,800 Price down 0.6% Detached = $488,100 up 0.8% Y/Y Semi = $393,700 down 2.1% Y/Y Condos (Apt) = $247,100	Last month Ave Home = $466,357
Kitchener- Waterloo 234,000 population, Hi-tech, Start-up, Canada Silicon Valley, Waterloo Univ, Head Office of Black Berry, Nortel, Head Office of Google Canada ...	$634,409  up 21% compared to last year. - Detached Ave = $734,427 Price up 18.9% - Semi = $535,300 - Condo = $386,972	Last Mo Home Ave = $639,814  - Detached Ave = $745,149 - Semi = $522,782 - Condo = $392,770

The salary you need to earn to be able to afford a home in 15 major US cities - CNBC
https://www.cnbc.com/2019/06/11/salary-needed-to-buy-a-home-in-major-us-cities.html

 Update August, 2020 


Average Home Price for all Properties in Toronto for month July, 2020 is: $1,017,320 compared to  July 2019 = $825,904  -> An increase $191,416. Home Sales Up 50% compared to last month June 2020, 30% Up compared to last year July, 2019 when no COVID-19.
Home Price changed ups/ downs month to month not important, not "real change". Compare year to year, take a year to see "real change" more accuracy.
 
Toronto now takes the lead, surpasses Vancouver Home Price in all kinds of Properties, Home, Town home, Condos.

In July most important is Home Sales big increase. Detached Sales up 27.5%, Semi Sales up 36.3%, Town Home Sales up 20.2%. Only Condos Sales up 4.7%.
In GTA, Home Price = 943,710$ compared to  last year July 2019 = $806,971

July month usually sales slow because people travel. However this month July post COVID-19, 1) Homebuyers and sellers have put off summer travel, and also travel still limited in the time of COVID-19, are playing catch-up on their housing plans, after the City of Toronto entered Stage 3 of reopening from COVID-19 restrictions. 2) Rapid increase demand from the COVID-19-related no activities in April and May 3) Competition between buyers continued to increase, push Home Price high. 4) Plus other conditions in June, 2020, such as, Low Interest Rate, Supply issues, many big COVID-19 Benefit packages pump in the Economy boosting Consumer Spending...

Who had the money to buy Home in Toronto?

Is it: Foreigners, Immigrants, Millennial (26 -> 39),  Middle Class and Millionaires? -

1) 59% - It is Canadian middle class and millionaires of Toronto, who bought any home 20y ago, with high Deposit at least 30%, depend on high salary. Factory, low wage workers Deposit only 10% will take at least 35 years own home, still 15 years more to pay off mortgage. Wealth creates wealth take 20y. Go back 20y, a middle class who bought home 20y ago, with high Deposit, now can afford 3 x Detached Homes each 1.5 millions dollars, with 20% Deposit = 300,000$, based on latest Data in 2020. Toronto has around 260,000 millionaires, more than richest countries in Asia like Singapore 183,787 millionaires, Hong Kong 170,000 millionaires. They buy 2nd Homes, or help, invest in young people, in first time home buyers.

2)  21% - Immigrants: Canada receives more Economic Immigrants 60% of around 350,000 / year immigrants. 1 in 5 Homes or 20% Homes bought by Immigrants. They settle about 3 years before buy home. Most of them buy home with Cash or Saving back their home country. Some immigrants take a whole family at least 3 members buy home, parents, children, bros, sisters, relatives. That number 21% suggests people new to the country are contributing "significantly" to real estate demand.

3) 18% - Millennial (26 -> 39): First time Home Buyers. It takes 21 years of full-time work for the typical young person to save a 20 per cent down payment around 200,000$ on an average priced home above 1 million dollars, in Toronto &  GTA." - An statistics shows that around 18% young people buy home in Toronto, where very high Home Price compared to the rest of Canada. By the time Millennial (26 -> 39) has 200,000$ for Deposit 1 million dollars Home Detached or Semi, He/ She is already in 40s or 50s, and Home Price will not the same as 20y ago. Too late Buy Home. A Professor said:- Today, My salary around 100,000$ about 50$ / hour (minimum wage 14$ /hr) including bonus, over time. I am on so called Gov's sunshine list of public employee who paid at least 100,000$, of top earners around 1% of public employees. After Income Tax, Living Expensive ... I could save 200,000$ in 12 year if working continuously no layoffs.
NOTE: Not all Professors on sunshine list. Canada Capital Ottawa where mostly public employees working has around 4644 employees making 100,000$ or more on sunshine List in 2019. The Author of this Blog David. D, 20y ago in 1998, his salary already 100,000$, 50$ / hr (minimum wage 5.50 $ /hr), in today money around 200,000$. Click see Cheque

Canada Capital Ottawa where mostly public employees working has around 4644 employees making 100,000$ or more on sunshine List in 2019.

4) 2%  - Foreign buyers account for about 1.8 per cent of total home purchases in the GTA (Toronto plus the regions of York, Peel, Durham and Halton) since the tax 15% was imposed only on Foreign buyers in April 2017. Before foreign tax 15% April 2017, around 5% -> 10% of Foreign Home Buyers in Toronto & GTA

In conclusion: It is Canadian middle class and millionaires of Toronto Buy Home 57% - The rest Immigrants = 21%, Millennial 20%, 2% Foreigners

In GTA, Home Price = 943,710$ compared to  last year July 2019 = $806,971
- In July 2020, Detached Home in GTA = $1,060,318 - Last month =$1,027,634. Last year = $929,633
- A difference Detached Home in GTA with with Semi Home Toronto =  $120,696

These are official Data for Toronto Home Price already Sold, not Listing Price.

 Update July, 2020 

OMG (Oh My God). Toronto Home just now released official Data in July, 2020 for June, 2020.
Average Home Price for all Properties in Toronto for month June, 2020 is: $1,022,138 (1st time breaking barrier Ave in a million dollar) compared to  June 2019 = $915,785 -> An increase $106,303. Home Sales up 89% compared to last month in new normal COVID-19, only 1.4% down compared to last year June, 2019 good time when no COVID-19.

- This is the 1st time Toronto Ave Home Price has broken the barrier into a millions same as Vancouver is Ave Home Price 1,025,300$. Specially during COVID-19 pandemics. While all kinds of Industries, Sectors, Businesses, People line up for financial support from Government, only Toronto Home Market is going strong during pandemics COVID-19. Today, it adds on around 250 billions dollars to Middle Class, which will help lead in Consumer Spending out of the worst recession. During pandemics COVID-19, so many analysts said that Toronto Home Market will go down like other Industries, specially the worst lockdown COVID-19 very scary, people stay home, Home Sales down like 67% in April. But Home Price nothing happened. As we already explained why. Toronto Home Price stable and strong.

A big jump for Detached = 1.52 million dollars, price over Detached Vancouver. Big winner Semi jump 232,409$, Toronto Semi = 1.29 millions, smaller price gap between Detached vs. Semi. Currently market is hot, multi offering.