Well, I am celebrating.  I am celebrating the strength of free market forces that continue to propel a great city's value to the world upward

Why has steady home appreciation taken a leg up recently?  Look no further than geopolitical factors that have made the world a scary place and magnified the friendly, welcoming atmosphere of Canada.  Within Canada there are really only two places that foreign investors want to park their wealth, Toronto and Vancouver.  And of the two Toronto for exceeds Vancouver in every way other than beauty and weather.  

So there you have it.  Toronto is a beacon of stability for the world.  And that fact, coupled with steady local demand from the highest paid demographic in Canada makes it very expensive.  I am celebrating not because I am a homeowner but because I know that a successful city, a safe, inclusive,  vibrant, diverse, open, tolerant and growing city, is expensive.  If you can't afford Toronto, well there are other choices for you in the GTA.