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Nope just catching up to the valuations in Vancouver, New York, London, Tokyo and other desirable international cities.
by snowwindwaves 9y ago
Nope just catching up to the valuations in Vancouver, New York, London, Tokyo and other desirable international cities.
- acchow 9y agoNew York and London definitely attract global talent. Toronto is not like them. This is a speculation bubble.
- sanswork 9y agoToronto is pretty cheap for a city of its size.
- ziikutv 9y agoAnd pretty awesome. You will appreciate it 100% more if you visit our capitol.
- uiri 9y agoComparing Toronto with Ottawa is simply not a fair comparison. It is like comparing New York City with Albany or Seattle with Olympia. The City of Ottawa includes the core of Ottawa plus all of its suburbs (excluding the Quebec side) and does not even top a million people. Everything is spread out and suburban such that our capitol is more like a bunch of closely spaced towns than anything resembling an actual city. The City of Toronto (which excludes most of the suburbs) is, on its own, triple the population of Ottawa. The Greater Toronto Area is over 5x the population of the National Capital Region.
- ziikutv 9y agoI think your points are definitely valid if I was being objective. But.. that was just a subjective statement :)
- acchow 9y agoI spent most of my life in Toronto. I'm alright, thanks tho :)
- derefr 9y agoI'd guess less "catching up" than "shunted away from"—Vancouver specifically. (Vancouver passed a foreign home-buyer tax; suddenly the housing market there began to cool down. But, very likely, all that money didn't just stop trying to find a place to "land"; it just skipped over Vancouver for the next-easiest city to invest into.) If Toronto enacts similar measures, the money will just move somewhere else again.
- msie 9y agoThe housing market in Vancouver is heating up again. The tax does little to stop non-foreign buyers.
- CountSessine 9y agoAgain, an oversimplification. Condos, especially 3 bedroom and 4 bedroom condos are on fire right now, because families need a place to live and those are the only homes they can afford. Detached houses east of Cambie are dead right now; all the foreign investors are in Toronto.