The Official Toronto Discussion Thread

Nkrumah Was Right

Superstar
Joined
Mar 11, 2022
Messages
8,962
Reputation
1,086
Daps
25,952
Plus, the price of homes hasn't gone down. Canada really needs to figure this out because this isn't the land of innovation, so there aren't many opportunities like in other countries.

Canadians don’t invest their money in things that spur innovation like investing in the TSX

Canadian companies in turn rely on US r&d, as they’re more risk averse because our credit market is smaller and stingier.
 

MikelArteta

Moderator
Staff member
Supporter
Joined
Apr 30, 2012
Messages
248,780
Reputation
30,748
Daps
760,385
Reppin
Top 4
Plus, the price of homes hasn't gone down. Canada really needs to figure this out because this isn't the land of innovation, so there aren't many opportunities like in other countries.

I've noticed condos have gone down like you can find a 1bdm condo for like 500-550k but with the interest rates so high for example your mortgage payment with 10% down would still be 3,100 a month :picard: while last year at this time your payment same scenario would only be 2,200
 

MikelArteta

Moderator
Staff member
Supporter
Joined
Apr 30, 2012
Messages
248,780
Reputation
30,748
Daps
760,385
Reppin
Top 4
imagine paying 2,400 a month for a 1bdrm condo and in a year the landlord can jack it to whatever they wnat because no rent control :picard:

or rent a older azz apartment in jane and finch

1280x960



Jr. 1 Bedroom
$1,849


1 Bedroom
$1,969

:mjlit:
 

Nkrumah Was Right

Superstar
Joined
Mar 11, 2022
Messages
8,962
Reputation
1,086
Daps
25,952

MikelArteta

Moderator
Staff member
Supporter
Joined
Apr 30, 2012
Messages
248,780
Reputation
30,748
Daps
760,385
Reppin
Top 4


usa

canada


:picard:
 

MikelArteta

Moderator
Staff member
Supporter
Joined
Apr 30, 2012
Messages
248,780
Reputation
30,748
Daps
760,385
Reppin
Top 4
I actually watch his videos

The country has changed since when i was there. It's sad..

the crazy thing is its all true. I'm old enough to remember even 15 years ago you could buy a house for 300k and a pre construction condo was 150
this generation is screwed and its only getting worse and it doesn't matter where you go. You can go live in st catharines and it's expensive, go live in belleville and its expensive
 
Top