Why does housing cost so much in Toronto and how do people afford it?

1 ⤊

Why does housing cost so much in Toronto and how do people afford it?

2007-08-18 14:47:43 · 1 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate

High costs for small places. Salaries don't increase at the same rate needed to live in a City. Are we all destined for long commutes?

2007-08-18 17:39:22 · update #1

1 answers

Supply and demand. There are more folks buying than folks selling. So the price goes up.

I just watched one of those house flipping shows and wonder how the hell anyone in California can afford to buy a house -- $500K for a tiny one bedroom condo?

2007-08-18 15:14:37 · answer #1 · answered by bdancer222 7 · 1⤊ 0⤋