The blog post is about allotment so not a fair comparison. However, its supply and demand, extremely high demand and influx of people who want to live in Toronto.
There are places outside of Toronto, Canada which are affordable and have better price to comfort ratio. London Ontario, Gatineau Quebec, Regina Sask, Calgary Alberta are quite affordable and have all the modern life style options available.
But if you have a not-terrible job, you'd be able to get that much in a loan to repay over a few years. At that point, as long as it's below rent level, you're winning.
brutus1213|4 years ago
[1] https://www.blogto.com/real-estate-toronto/2021/08/new-toron...
dataminer|4 years ago
There are places outside of Toronto, Canada which are affordable and have better price to comfort ratio. London Ontario, Gatineau Quebec, Regina Sask, Calgary Alberta are quite affordable and have all the modern life style options available.
viraptor|4 years ago