Crowded. Competitive. Unaffordable. Untenable.
They're some of the words that have been used by experts to describe Toronto's housing market in recent months.
The provincial government has promised a series of measures to help cool things down. Among them, a 15% non resident speculation tax, a tax on vacant homes and tighter control on rent increases.
Today NEWSTALK launches a series of your stories, "Real Estate Reality", focused on selling, buying and renting homes in the Greater Toronto Area.
Joe, who does not want his last name used, was stunned to learn just how hot the market is. He was able to sell the Milton home he bought four years ago for $575,000 for just under a million dollars without the help of an agent in about the time it takes to cook a frozen pizza.
"From the time I listed it on Kijiji to the time I sold it, it was about 15 minutes," Joe tells NEWSTALK 1010.