The price of a detached home in the Toronto area costs $1M more today than 10 years ago. In 2012, you could snap a home for approximately $574k, while today, that same home could cost more than $1.6M. For a semi-detached house in 2022, you'll be paying $753k more than back in 2012, when the average price was $430k.
Condo apartments today are approximately $712k, but they cost a buyer $300k back in 2012, that's an overall increase by 116% in ten years. While a typical townhome could cost approximately $344k in 2012, these types of homes today cost $995k on average.
As for what this might look like 10 years from now, it, above all comes down to government policies.