I'm not sure what they are thinking here.

Two weeks ago, I posted this 2 bedroom, 1 bathroom house on a 14 x 57.25 foot lot at 17 Rebecca Street just east of Ossington in Trinity-Bellwoods.

It was a house that I had posted previously in 2013 when it was listed at $599,900 before two price drops with the final price ended up somewhere around $529,900.

Since then, the floors were changed, the backyard and backdeck were redone, and wall mounted heaters had been added (apparently the only heat before was from the fireplace and a hole in the ceiling to let it go to the second floor). 

Otherwise, there weren't a lot of other changes that I could see.  And with no changes, at a 10% annual increase, that would make this house an approximately $850,000 house.

The asking price 2 weeks ago was $899,900 (a little more than the cost of floors and the back deck but not bad).

Then last week, they raised the price.

This house is now listed at...

$1,128,800.

listing