Quote:
Originally Posted by Phil McAvity
As a proud Canadian, I have to add that Toronto has 14 buildings over 700 feet (not including the CN Tower) with another 10 under construction
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How much of that is foreign (read Chinese) capital being "parked" offshore, especially since Vancouver started taxing vacant residential properties? When I look at Toronto these days, I'm afraid I may be seeing the spectacular results of a rapidly expanding real estate bubble.
Speaking of Toronto, I lived there for a couple of years as a kid in the early 70s. It's amazing to see it now. It's really come into its own since the old "Toronto the Good" days (which were waning while I was there).
From The Guardian: Nearly 40% of Toronto Condos Not Owner-occupied, New Figures Reveal
https://www.theguardian.com/world/20...-affordability