Toronto Crashed Before. It Took 13 Years To RECOVER.

Toronto’s housing market has crashed before—and the recovery lasted far longer than most people remember. In 1989, the average Toronto home sold for $273,698; by 1996, that figure had fallen 27.6% to $198,150. For buyers who purchased at the peak, it took 13 years to recover nominally—and 22 years after adjusting for inflation. This video revisits Toronto’s 1989 housing crash and examines what those numbers meant for homeowners who waited decades just to truly break even. #TorontoHousing #TorontoRealEstate #CanadianRealEstate #HousingMarket #RealEstateCrash