I love that people who don't work in tech can still afford to live in Toronto. I don't think we're doing as well as we could to combat income inequality, but I'm glad we aren't throwing billions of dollars at overinflated startups. Hell, the biggest recent Canadian startup success story is Shopify, which actually sells real products and has revenue. Not just "slap some ads on it and we'll turn a profit".
I love that people who don't work in tech can still afford to live in Toronto.
Isn't the average cost of a home nearing $1M in the GTA core? From what i've read, Toronto isn't that far behind SV when it comes to real estate price inflation.
Rents don't fully reflect current property values. Landlords that didn't buy before the current mania are banking on property value growth to get their return on investment.
