Quote:
Originally Posted by Flamenspiel
Well aside from foreign speculators, Toronto is the best place in Canada to find a high paying job. Part of Real estate 101 is to follow the jobs.
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True, it probably is one of the better places to find a job right now. But fundamentally, the average income is lower than many other Canadian cities (including Calgary). Currently the detached house prices in the 416 is 3x higher than in Calgary ($1.5M vs $500K). It's spreading across the GTA that even places like Milton and Whitby are seeing large increases.