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I don't think you are correct. Lets take Toronto as an example. This city built condo projects by the dozens. The GTA (greater toronto area) is so sprawled out,
by tostitos1979 11y ago
I don't think you are correct. Lets take Toronto as an example. This city built condo projects by the dozens. The GTA (greater toronto area) is so sprawled out, I recall a statistic that it was 1/4 the size of England. The transportation infrastructure cannot take it ... major roads like the DVP and 401 are always clogged. Farmland in some of the far away areas is being converted to houses. The problem here is the price of land is so highly inflated, you now have no choice but to pay a million buckeros for a modest detached house. Condos in areas near the subway and restaurants are also priced stupid ... one of the areas we considered was priced at $680 a square foot (in an area called North York). The problem is cheap, free money. People who got in on it early own 2-3 condos.
- Htsthbjig 11y agoAgreed. I lived in Canada like 5 months or so with some friends. The country is so big that we used private airplanes to move around, which was very normal there. The prices on Toronto smells Bubble so much that feels dangerous to be near that when it does pop.
- frabbit 11y agoCareful now... your privilege is showing.
- BenoitEssiambre 11y ago>The prices on Toronto smells Bubble so much that feels dangerous to be near that when it does pop. There may be a bubble, but you could also argue from basic supply and demand that until prices cause people to stay away from there and build new communities in less dense regions, they are still not high enough.
- BenoitEssiambre 11y ago>The transportation infrastructure cannot take it ... major roads like the DVP and 401 are always clogged. > Condos in areas near the subway and restaurants are also priced stupid ... Doesn't that prove my point?