I left Montréal, cannot afford a decent house there, now in suburbia. I have no clue how people in Toronto or worst, Vancouver, can manage to buy condo/house at 1 or 2 millions$ ?!?
I bought a house in a suburb for the middle of my possible price range. I had worked out pricing options with a fee based financial advisor.
My wife and I make good money and I do not understand who is spending $1M-2M on housing, that was well above our top budget scenario.
The math doesn’t make sense to me. Someone is lying in the qualifying process.
It’s like the show on TV “I’m 26, I am a cook in a fast food restaurant, my wife is 25 and a part time soap maker at home, we are looking for a house in Parkdale Toronto, our budget is 1.5 million” WTF?
My question at that point would be, “So, did you sell a house in Vancouver, win the lottery, are you related to Galen Weston or someone with similar assets, or is artisan-made soap just that profitable?” Or, more likely, is the show financing them in return for permission to film?
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Disclosure statement
Raphaël Fischler is a member emeritus of the Ordre des urbanistes du Québec and a Fellow of the Canadian Institute of Planners. He received SSHRC and FRQSC funding in the past for his research in the history of urban planning.
