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antonius | 9 years ago

Take away Vancouver and Toronto, and the price of a house in Canada is nowhere near the asking prices currently in those two cities.

Wealthy foreign inflation on Canadian real estate is quite evident.

discuss

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aianus|9 years ago

Take away Toronto and Vancouver and you have nothing but farmland and university towns. Not really evident of anything.

Fwiw Toronto is quite affordable still; you can live like a king in a brand new condo with curtain glass walls overlooking the city for under US$500k.

drzaiusapelord|9 years ago

Montreal: 1.65m

Calgary: 1.1m

Edmonton: 820k

Ottawa: 800k

The surrounding areas are suburban, not farmland, just like any metro area for most of these cities. Greater Montreal is about 4m people for example. Canada is a whole hell of a lot more than just Vancouver and Toronto. Actually Vancouver is relatively small with its 600k population and greater metro area of only 2.4m. Toronto and Montreal are the real population and economic centers and Vancouver coming in 3rd place.

I'm a US citizen and I've been to some of these places. It blows my mind how dismissive people are of Canada. It has more than a little diversity, distinct regions, amazing people, and the population of California and almost its GDP. Its 10th on the GDP scale globally. This isn't some farmland country, its a economic powerhouse.

stuxnet79|9 years ago

> Fwiw Toronto is quite affordable still; you can live like a king in a brand new condo with curtain glass walls overlooking the city for under US$500k.

Is this sarcasm? USD 500K translates to 660K CAD. Is this supposed to be affordable? I love Toronto but the real estate prices are out of control. They should implement similar measures in Ontario.

kejaed|9 years ago

"Take away Toronto and Vancouver and you have nothing but farmland and university towns"

Spoken like a true citizen of the Center of the Universe

throwaway1979|9 years ago

How does 500K USD seen affordable? Also, try raising two kids in that condo.