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by seretogis 1115 days ago
If only.

The average Canadian house price is over $700,000 [1], and over $1.2 million in Vancouver, $1.1 million in Toronto. Rentals are also extremely expensive in metro areas, with 1 BR apartments over $2,700 in Vancouver and $2,500 in Toronto. [2]

[1] https://www.cbc.ca/news/business/crea-housing-data-1.6843592 [2] https://rentals.ca/national-rent-report

1 comments

And what sucks is that these two cities are where a big portion of the tech jobs are, especially Toronto. And with companies pushing for back to office, you don't have much option besides living in these expensive cities. There is a tech industry in Ottawa & Waterloo, but the former is getting very expensive too and is sprawling suburb while the latter is also getting expensive, while losing a lot of tech campuses to Toronto.
At least Vancouver is expanding the Sky Train. You can get pretty far away from downtown at this point and still be one train away. But I haven't looked into housing costs, so maybe that just makes everything anywhere near a stop just as expensive.
Well, there is the Go train for the GTA and some areas are still pretty cheap like Hamilton which is a little over $650k for a two bedroom. But I agree with the overall point that housing is too expensive in Canada.
Everywhere you go in Metro Vancouver is ridiculous.