The Official Toronto Discussion Thread

[JLova]

The average home price in the GTA reached $1.25 million in April.

That means if you want to buy an average home — not necessarily a luxury manion — the required household income has skyrocketed from $205,000 six months ago to $223,010 today.

And that’s only if you’ve already saved $250,888 for the 20 per cent down payment — the minimum required for a home over $1 million, according to Laird, president of CanWise Financial and co-founder of rate-watching site ratehub.ca.

Who makes that kind of money, you may be wondering? Not many of us.

According to Statistics Canada, as of 2019 the median after-tax income for nonsenior families in Canada was $93,800. The median after-tax income for couples with children was $105,500, while for female lone parent families it was $52,500.

All told, typical homeowners in Toronto now need to spend 68.6 per cent of their pre-tax income to cover ownership costs, according to Robert Hogue, senior economist at RBC.


How much do you need to earn to buy a home in Toronto? Even more than you’d think

Rates have gone up and they will continue to. I was being offered 5 year fixed for 1.4 just a year ago now rates are almost triple that. Hell, just a few months ago you could have gotten much, much lower rates. Higher rates just killing purchasing power and keep in mind you have to go through the stress test, so you're qualifying at a much higher rate.

Affordability is never coming back unless some drastic shyt happens.

 

[Amestafuu (Emeritus)]

Rates have gone up and they will continue to. I was being offered 5 year fixed for 1.4 just a year ago now rates are almost triple that. Hell, just a few months ago you could have gotten much, much lower rates. Higher rates just killing purchasing power and keep in mind you have to go through the stress test, so you're qualifying at a much higher rate.

Affordability is never coming back unless some drastic shyt happens.

That drastic shyt is prefab and print and any other construction method that cut down the time and cost significantly. The disruption has to be on that side of housing. Land/location costs will still be an issue but home construction as it is is highly inneficient in North America and drives up the price of homes unecessarily.

More homes built cheaper and faster would eventually stall the price gouging as the demand tapers off. Settling and eventually correcting home prices.

 

[JLova]

That drastic shyt is prefab and print and any other construction method that cut down the time and cost significantly. The disruption has to be on that side of housing. Land/location costs will still be an issue but home construction as it is is highly inneficient in North America and drives up the price of homes unecessarily.

More homes built cheaper and faster would eventually stall the price gouging as the demand tapers off. Settling and eventually correcting home prices.

That isn’t happening. This shyt is all by design. We also don’t have the trades to build the amount of housing required. There is a huge lack of quality tradespeople. I don’t see much changing. A lot of empty promises and talk. But reality is the status quo benefits way too many people at the top…things won’t change.

 

[Amestafuu (Emeritus)]

That isn’t happening. This shyt is all by design. We also don’t have the trades to build the amount of housing required. There is a huge lack of quality tradespeople. I don’t see much changing. A lot of empty promises and talk. But reality is the status quo benefits way too many people at the top…things won’t change.

What you mean isn't happening? It's already rolling and it's not dependent on government intervention. Prefab and print don't need a ton of trade people or time. The actual point.

 

[Jefferson Jackson]

Gas prices across the Greater Toronto Area will reach a new record high this weekend, according to one industry analyst.

The average cost of a litre of regular gasoline actually dropped four cents overnight to 192.9 cents per litre.

But Dan McTeague, who is the president of Canadians for Affordable Energy, told CP24 on Thursday afternoon that the relief will be extremely short-lived.

McTeague said that gas prices will go up a nickel at midnight to 197.9 cents per litre and then another five cents on Saturday. That will bring prices to a record 202.9 cents per litre throughout all of southern Ontario, he said.

The current record of 199.9 cents per litre on average was reached last Sunday, though a number of stations in the GTA were seen selling gas for more than $2 per lite over the weekend.

McTeague has previously said that he expects average gas prices to hit $2.10 per litre by the Victoria Day long weekend, driven in part by the ongoing war in the Ukraine.

“Two dollars a litre this summer is in fact the new normal,” he told CP24 last month.

Gas prices have risen by about 50 per cent since last May, when drivers were paying around $1.30 per litre to fill up.

 

[MikelArteta]

I don’t even Steven del duca will win Vaughan . Pc incumbent candidate team has knocked on my door twice

 

[jdubnyce]

$60 gas....filled up just under half a tank rx350

 

[NoMorePie]

Feel sorry for everyone who has to enter downtown Toronto from the Gardiner in the afternoon

Too many cars. So unnecessary

Bet y'all have these motherfukkers driving downtown just to go to a restaurant. Park and bus it man. Lazy asses

 

[MikelArteta]

props to @trick for putting me on to this last election, but register for a mail in ballot
https://votebymail.elections.on.ca/

just got mine today so easy check off who you are voting for and put back in the paid return envelope they send

all that driving to the local school or community center and lining up

 

[trap101-ETHout-Allegri-In]

pats but their shyt is mad hit or miss
roy woods but its trini ppl...jerk isnt the best
new spot in liberty village im a try this wknd

Did you end up trying the spot in Liberty Village?

 

[Remote]

I am not Canadian.

I'm just sharing stuff.
Discuss amongst yourselves.

 

[Jefferson Jackson]

 

[Jefferson Jackson]

 

[Amestafuu (Emeritus)]

Drill rap lost so hard

substance >>>> bullshyt clout demon music

this man will have an actual career in music and not live on the run. it's really that simple

 

[Jefferson Jackson]