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Toronto Housing Critical... Vacancies Near 0


Economy

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Chuckles
9 minutes ago, Economy said:

All those cities I listed have jobs too and industrial areas but Toronto has the fast growing high tech sector and the financial district so Toronto has the high paying jobs

 

Anyway ppl keep being pushed further and further out to afford homes and commute times are insufferable now. In fact Toronto has one of the longest commute times in the world because people are moving to cities over an hour away for affordability issues and commuting to Toronto

 

I love Toronto and all but I've concluded if I want a house and family I have no future here that's why we have plans to pack and go

 

My grandparents 110 year old house in Toronto is valued at over $1.2 Million. I just can't

 

Of course in suburbs say in Brampton where I live a nice house is more like $700,000 but that's still too much

I stayed in Mississauga for work but when I wanted to go to Toronto, the traffic was very intense and we did more than 1 hour to arrive. However, the transportation seemed very effective and well-planned during my visit. Those prices are crazy damn, the salaries should be really good, do they do 20+ years of loans?

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Economy
10 minutes ago, Chuckles said:

I stayed in Mississauga for work but when I wanted to go to Toronto, the traffic was very intense and we did more than 1 hour to arrive. However, the transportation seemed very effective and well-planned during my visit. Those prices are crazy damn, the salaries should be really good, do they do 20+ years of loans?

Where do u live now?

 

And yes the max amortization allowed is 25 years (it used to be 35 but the government tightened it to keep housing market from overheating)

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Chuckles
1 minute ago, Economy said:

Where do u live now?

 

And yes the max amortization allowed is 25 years (it used to be 35 but the government tightened it to keep housing market from overheating)

I'm in Mexico, I was there the last 3 weeks though. Got the chance to be a local, good fortune was that I could walk to work! :vegas:

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Economy
13 minutes ago, Chuckles said:

I'm in Mexico, I was there the last 3 weeks though. Got the chance to be a local, good fortune was that I could walk to work! :vegas:

So is housing expensive in big mexican cities?

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Chuckles
15 minutes ago, Economy said:

So is housing expensive in big mexican cities?

Depends on the area actually. You can live fairly decent anywhere but there is always the "upper-class" neighbourhood. For 700k CAD you can get a mansion here in my city: 4 bedrooms each with its closet and private shower, parking for 3 cars, kitchen, etc. But in Mexico City, the smallest of the modern appartments can go for that price.

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StarstruckIllusion
4 hours ago, Economy said:

All those cities I listed have jobs too and industrial areas but Toronto has the fast growing high tech sector and the financial district so Toronto has the high paying jobs

 

Anyway ppl keep being pushed further and further out to afford homes and commute times are insufferable now. In fact Toronto has one of the longest commute times in the world because people are moving to cities over an hour away for affordability issues and commuting to Toronto

 

I love Toronto and all but I've concluded if I want a house and family I have no future here that's why we have plans to pack and go

 

My grandparents 110 year old house in Toronto is valued at over $1.2 Million. I just can't

 

Of course in suburbs say in Brampton where I live a nice house is more like $700,000 but that's still too much

BITCH EW

no offence but houses that old BOUND to be haunted. 

imagine paying over a million dollars to live in a mansion omg I’d *** and add to the ghost list-omg Gaga posted a photo on insta 

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Economy
34 minutes ago, GeeYewWhai said:

what?

I meant do u live in the country. U did say you were outside the city

 

But I didn't know if u meant just outside the big cities or if u meant outside any city

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GeeYewWhai
12 hours ago, Economy said:

I meant do u live in the country. U did say you were outside the city

 

But I didn't know if u meant just outside the big cities or if u meant outside any city

yeah I live in Barrie

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Economy
4 hours ago, GeeYewWhai said:

yeah I live in Barrie

Ok that's a nice medium sized city. What's it at now? 300,000 ish?

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GeeYewWhai
4 hours ago, Economy said:

Ok that's a nice medium sized city. What's it at now? 300,000 ish?

Not sure. But I don't think it's that big tbh haha

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