You may not need to panic about million-dollar homes — even in Toronto and Vancouver

The million-dollar average detached house has become synonymous with the real estate market in Canada’s most expensive cities. But despite all the handwringing in the media about the rocketing price of houses, new data show that the seven-figure price tag is hardly the new normal.
http://business.financialpost.com/personal-finance/mortgages-real-estate/you-may-not-need-to-panic-about-million-dollar-homes-not-even-in-toronto-and-vancouver