I also think the lower city prices will be protected by the flight of Toronto/GTAer's looking for mature neighbourhoods that are extremely expensive in TO.
The little section of our street where we live is a good case in point, 18 houses in the section, and 4 homes sold so far in 2008.
3 to people from Toronto (including us), and 1 to a couple from Guelph.
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The jobs, stupid!
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