We bought our house in 2003 in a north-west subdivision in Mississauga for under $400,000. A few months ago a house in the area sold for $1 million for the first time. Since then a several more have sold in that price range and a few weeks ago one went for a staggering $1.8 million. If it weren't for the kids in school and my husband working in downtown TO we'd sell in a heartbeat. As it is we're probably not looking to sell for at least 4 more years and most likely not for 8. The problem is that if we sold, we'd still need to live somewhere commutable to downtown and nothing would be much cheaper so there's not much point.