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A comment on Toronto swaps Google-backed, not-so-smart city plans for people-centred vision. Parent comment

Re:Toronto swaps Google-backed, not-so-smart city plans for ... by jdtbuchanan on Saturday March 13, 2021 @10:30AM (#26447196)
Not sure where you got the numbers but to buy a 1m condo in Toronto would require closer to 250k not 60k. And that isn’t taking into consideration the condo will also be up 8-10% next year.
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Re:Toronto swaps Google-backed, not-so-smart city plans for ... by andi999 on Saturday March 13, 2021 @11:04AM (#26447433)
My numbers are from the article linked in the post I answered to.
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Re:Toronto swaps Google-backed, not-so-smart city plans for ... by elixirnogood on Saturday March 13, 2021 @04:10PM (#26450018)
I don't think you can get a mortgage with a 6% downpayment anymore. Canadian real estate is a scam. Banks would lend to anyone with a 5% downpayment. The mortgages are insured by the government (CMHC), so essentially all the taxpayers are on the hook if the real estate market implodes. Banks will be fine though as usual.
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