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The average income in Canada is about $40K 1 $100K earner is in the top 20%. Having both is quite rare. You've made the opposite argument: those people should
by edblarney 10y ago
The average income in Canada is about $40K
1 $100K earner is in the top 20%. Having both is quite rare.
You've made the opposite argument: those people should easily be able to afford a relatively nice home.
Homes are completely out of range for normal Torontonians, and it's a problem.
- verelo 10y agoSure, so there is more demand than supply is my point. If we want to address that we need to diversify where we invest [not just toronto] so we can make alternatives available and not concentrate everyone's desire to live in a 50km radius. Remember that next time you vote. And that isn't a jab at the current government, it's more a statement to remind people that tax cuts and other incentives we can expect to come up on offer come election time are not what we are complaining about here.
- edblarney 10y agoI don't quite agree that there's more demand than supply. That does not have to happen for a speculative bubble.