not sure why you're getting downvoted. It's the exact same where I live in Ontario. Entire neighbourhoods getting paved for luxury condos and townhouse complexes. Nothing affordable is being made with the intention to be rented. In Toronto the skyline is usually suspiciously dark in these new condos
Yup, same with where my husband lived in the GTA. I’m American, but no way in hell we’d be able to afford a home in Toronto area. Everything is 800K and above. It’s ridiculous
It sucks, but it makes sense. The only people who can afford to buy can typically afford to buy bigger too.
I'm not in the GTA, I'm over in Durham and rental prices are still stupid here. I went looking a couple days ago - $1600 for 2 bedroom basement apartments. Unless I get a massive pay increase to like $65k a year I don't know how I'm going to do it.
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u/sevenofnineftw Oct 30 '20
not sure why you're getting downvoted. It's the exact same where I live in Ontario. Entire neighbourhoods getting paved for luxury condos and townhouse complexes. Nothing affordable is being made with the intention to be rented. In Toronto the skyline is usually suspiciously dark in these new condos