[QUOTE=isaidso;8124175]Some of these immigrants do have enough money to buy but it has more to do with locals buying. Torontonians who've made enough money for a condo/starter home are looking to buy while immigrants take the apartments these people leave behind. There are also empty nesters looking to downsize, and people starting a family looking to buy houses."
Some of that, makes sense. the big picture though suggests a lot of fiat (bubble) creative financing.
I just don't beileve that the Toronto, Ontario, and Canadian economy is
really that healthy, as to support this extent of population growth.
I sense the politicos have put the cart ahead of the horse, in that sense. The sorry state infrastructure including roads, trafic management,
and transit is another topic, and constitutes the 1500 LBS angry bear,
in the room.
What bothers me the most though, is according to the laws
of economy and scale, services should improve, and taxes should reduce,
as you expand the base, yet the absolute opposite is the empherical
reality.