So I guess that means the cost of housing in Toronto is going from astronomical to merely outrageous.
Toronto is cheaper then several US centers. As the main business center in Canada of course it will cost a premium there are a lot of wealthy people here.
Toronto housing is officially less affordable than New York or LA https://dailyhive.com/toronto/toronto-housing-less-affordable-new-york-la Toronto is officially less affordable than all but one US city https://dailyhive.com/toronto/toronto-less-affordable-north-america Plus - Toronto Picked as UBS’s Bubbliest Housing Market as Prices Drop Bank ranks global cities most in danger of a correction spurred by rising interest rates, looming recession. October 12, 2022 https://www.bloomberg.com/news/arti...ubs-s-bubbliest-housing-market-as-prices-drop
My observation these are the same kind of sources that regularly make horrible long term forecasts about all sorts of things. UBS is lucky they are still in business. If real estate was about trying to generate capital gains, nobody would live in Cary.
Durham, Cary join Raleigh on hottest US real estate market list, study finds https://wraltechwire.com/2021/08/25...ttest-us-real-estate-market-list-study-finds/ The real estate markets in Durham and Cary are sizzling, even more so than the rest of the Triangle, finds a new study from WalletHub. How hot? Durham ranked 7th in the nation, and Cary ranked 12th.
oh boi.... https://www.foxnews.com/media/norwegian-filmmaker-faces-3-years-prison-saying-men-cannot-lesbians A woman in Norway is facing up to three years in prison on criminal hate-speech charges after saying that a man cannot become a lesbian. Tonje Gjevjon, a lesbian filmmaker and actress, was informed on Nov. 17 that she was under investigation for speaking out against prominent Norwegian activist Christine Jentoft on Facebook. Jentoft is a transgender female that often refers to herself as a lesbian mother. Jentoft previously accused another woman, Christina Ellingsen, of transphobia for a similar claim. Ellingsen is also under investigation and faces three years in jail if found guilty. The post on Gjevjon’s Facebook page under investigation read, "It’s just as impossible for men to become a lesbian as it is for men to become pregnant. Men are men regardless of their sexual fetishes." Gjevjon has said that she intentionally posted her Facebook message to draw attention to Norway’s hate speech laws. Gjevjon’s comments appear to be under investigation for falling under a 2020 amendment to the country’s penal code that added "gender identity and gender expression" under protected categories from hate speech. People found guilty of hate speech face a fine or up to one year in prison for private remarks, and a maximum of three years for public comments.
What is the difference between Canada and Chicago? Just another day of mass shootings in Canada. 5 people killed in a ‘horrendous’ condo shooting in Canada, police say https://www.cnn.com/2022/12/18/world/condo-shooting-vaughan-canada/index.html