Quote:
Originally Posted by trueviking
I didn't say it's world class...i said it's a global city.....the media seems to think the high housing costs in Toronto are representative of a Canadian a problem...it is a Toronto problem.
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If it were just a Toronto problem, our national housing costs-to-income ratio wouldn't look like this:
Not sure if you've looked around at prices anywhere lately (or even just paid the slightest bit of attention to this thread over the past decade), but it's not just a Toronto & Vancouver problem anymore: it's an everywhere-in-Ontario & BC, Montreal, Calgary, Halifax, etc. problem now too. Nationally, housing prices have doubled in the past decade.
I get that Winnipeg is a bit of a bubble as part of the small & shrinking club of relatively affordable cities left in Canada, but
it's the exception - not Toronto & Vancouver. An expensive city or two is one thing, but it matters when most of the country's population - and in particular, it's economic engines - are in places that have become unaffordable.