Happens every time.
What’s a teardown? A house you buy just to get the lot?
Teardown is a house in such poor condition that it might as well be condemned - rebuilding is expensive or not practical.
The average detached home in Toronto right now is about $1.6 million, and about $1.2 million in the suburbs, largely thanks to their green agenda. Even a small condo in a tower is over $500,000 on average nowadays, enough to buy a large family home in many other cities.