RE: A Choice Between Eating or Having a Roof Over Your Head
I don't think that the land speculation is as prevalent in Toronto as it is in Vancouver. I suspect in Vancouver it's proximity to the Asian markets makes it a place for them to move money offshore and into safe investments. So they are not necessarily incurring debt to buy the properties. Which is also why they can afford to let them sit idle and avoid the hassles of being a landlord.
As for the Toronto market, the first time home buyer struggles to find something affordable. Those who have managed to a few years ago are able to sell in TO and move to the suburbs or into the country and buy substantially more with their gains.
Public transportation where I am, which is very rural, is pretty much non-existent. I can catch a train into TO or other locations along the Windsor -- Montreal corridor by travelling into a community about 20 miles away.
I'm assuming you are talking about 11C? I may be Canadian but celsius means little to me. However I know enough to be able to chuckle at your idea of cold. As it happens it is currently about 11C outside. My windows are open and have been all night. It's a bit chilly in here but hardly what I'd call cold.
So if your major cities have become so inflated has their been a big migration to maybe your other cities or provinces with more reasonable pricing?
Are there any plans to build new cities that could house people more affordablely? Or is it just a fuckit let’s just ride this till the wheels fall off
Lol well this is Africa, cold is foreign to us our normal temp is around 25 and can go up to about 45 degrees Celsius in the summer!
I met a Candadian girl hiking on a trial last summer and we had to carry her down the mountain she collapsed from the heat and it was a pretty mild day.
I guess our bodies are just used to different elements! Not that I enjoy the extreme heat it’s unbearable at times and I’ll wish for cold or well my definition of it, lol
over the years many have moved away from the cities and choose to commute into work rather than deal with costs.
Also there is a different lifestyle away from the city. It tends to be quieter and less stressful way of life. For the most part doors can be left unlocked without fear.
As for heat. I don't handle it well but that has a lot to do with humidity and lung damage. We get temps well into the 30s along with high humidity here in the summer time. It's not like we're cold year round. Winter is only 3-4 months. It just seems like forever some years.