Any little blip and those are heavily affected versus the strong urban core and suburban locations that might have a bump in a down turn but not a collapse.In cycles rural type markets are the first to collapse and the last to rise with improvement.

While published sometime in the mid 1990's the numbers in the book may no longer be relevant, without adjusting for inflation, the precepts in this book literally helped me to see what changes I needed to make if I wanted to become a HNW individual.I studied, read, and re-read this book so many times there was a point in time me I would actually see the day deference in money choices laying out before me in advance of making investment/expenditure choices.

While it makes complete sense with the rising costs of dorm fees (approximately $950 a month) and meal plans.

Rents are on the rise.

@Heather Ippolito  if your taking the data from the MLS listing they are listing the annual tax's not monthly  .. what you do need to figure out tho is if the tax's are low because of owner occ status and will they rise when they are turned into rentals.In many states owner occ's get about a 50% discount compared to investors.. they get it through their homeowner exemption...

Inventory is still around 3 months supply depending upon the neighborhood, so prices continue to rise.  

Wosley rent rates/property value continue to rise and is becoming unaffordable.

Scarborough, Gorham and (especially) Falmouth have inflated housing prices because of great school systems and desirable neighborhoods.

In other words, "China is now exporting there burst bubble to Canada,  Toronto developers actively looking to pump more hot air in an already over inflated market."

Let's assume rent growth at the historical rate of inflation of approximately 3%.