The average condo in Toronto is 533,600
I thought we were talking about Toronto now you mentioning GTA
GTA encompasses Halton and durham region where yes housing is cheaper
A 400,000 house ten years ago was considered expensive. I remember my parents buying a mansion in Thornhill for that price and that was pricey. And Thornhill has always been pricier than Toronto.
Again look at you breh in your late thirties and you invested years ago. For folks who are younger they never got to eat at the trough
Ten years ago I bought real estate for cheap
Stop complaining even though you were 18 or 15 and now a decade later I'm living lavish while your paying 1,700 for a bedbug apartment With side heaters.
It doesn't matter if you go to school and get a good job. Do you know how hard it is to qualify for a mortgage under the new rules and what's out there?
Stop it. Average condo price in the 416 is $602K Average condo price in the 905 is $448K. If you can't afford a 448K property then you shouldn't be buying.
Average townhouse price in the 905 is $603K. Semi $675K
A couple should be able to afford this easily.
So yea, go to school, get a good education and a good paying job and you will be able to afford a decent home. Too many people feel they are owed a house in a great area and pay nothing for it. That doesn't happen downtown where demand is high and supply is not available.
As far as renting, it is the responsibility of the government to provide affordable housing, NOT other people. You want subsidized housing, run to the government. The government has built nothing over the last 20+ years. That is a big reason why rents have gone up.
On top of that, transit system has pushed people closer to downtown because it straight up sucks. If we had better transit, more people would live outside the core and thus keep prices down.
Lastly, you're talkign about affordability for 1st time home buyers. The new rules KILLED first time home buyers. It dropped affordability by 20% and pushed many 1st time home buyers out of the market. Rent controls and ridiculous rental rules that only protect tenants sent rents through the roof. I told yall, rent control would make rents go even higher and what happened? They did.
This is what happens when you cry to the government. They start doing dumb shyt for votes. They don't care about yall.
So cry to the same government you're running to right now for the shytty rental market. You know how much more I'm collecting these days? It's crazy.
Plenty of people my age an dolder who had the opportunity and didn't do shyt. Don't even start with that age shyt. There's an article in Toronto Life about a 30 year old who owns 10 properties. An immigrant at that. The worst thing that happened is everyone thinks they are owed a house. You aren't owed shyt.
You even used to argue with me and I told you condos are the move. What was so difficult about living at home and coming up with 5% down and jumping into the market? You act like that shyt was impossible.
Buying property in a world class city simply isn't affordable to the common, average Joe. That's the reality. There needs to be more supply in the market which will bring down the demand and prices. Simple economics. Economics don't give a fukk about anyones feelings.
