Toronto Is in a Housing Bubble

Re:Toronto Is in a Housing Bubble by verelo on Sunday March 05, 2017 @05:55PM (#13799367)

I think point 5 is likely important to recognize. The CAD to USD ratio has dropped dramatically (Currently 1 USD = 1.33 CAD). If you picked the exchange from 5 years ago you see it was 1 USD = 1 CAD, if you do 10 years it was 1 USD = 1.07 CAD.

I'd argue that at least 20% of the price increase we're dealing with today is related to inflation.

[ Parent | on HN ]

Re:Toronto Is in a Housing Bubble by dpc59 on Sunday March 05, 2017 @08:33PM (#13800105)

Then how come there isn't a 20% increase in cities like Québec, Montréal, Calgary or Winnipeg?

[ Parent | on HN ]

Re:Toronto Is in a Housing Bubble by verelo on Sunday March 05, 2017 @10:09PM (#13800415)

Have you visited those cities? I don't find it surprising at all.

Quebec / Montreal: historical politics pushed investment to toronto when separation was on the table and pushed by certain political groups (again bumping toronto prices and not helping those areas at all!)

Winnipeg / Calgary: isolation from other large cities, colder climate, less immigration friendly.

[ Parent | on HN ]

Re:Toronto Is in a Housing Bubble by joshlemer on Sunday March 05, 2017 @11:47PM (#13800762)

>Winnipeg / Calgary: isolation from other large cities, colder climate, less immigration friendly.

Isn't Manitoba one of the easiest provinces to immigrate to?

[ Parent | on HN ]