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Well .. then I'm not sure how anyone affords a 2.5 million dollar detached home pretty much from Yonge and Finch to Yonge and Bloor. I mention the subway lines
by trapperkeeper79 10y ago
Well .. then I'm not sure how anyone affords a 2.5 million dollar detached home pretty much from Yonge and Finch to Yonge and Bloor. I mention the subway lines cause working people typically have to get to work :-p
- nibs 10y agoBecause they bought it when it was worth $700k with two working partners making the income I mention about. Toronto Life and Globe and Mail both frequently interview people about their personal financial situation. With a few high earning exceptions, mostly it is because they bought 10 years ago and are drowning in debt and/or sold their existing property. Very few people, even well-educated, dual-earning high-self-discipline couples, are really "entering" the market for houses. Depending on earning power my friends continue to live at home through 20s (low), rent an apartment or condo (mid) or buy a condo (high). That is about where it falls for people in their 20s here, similar I imagine to other world centers.