They say that In some locations of Ontario, the average home price has decreased by more than $178,000 since January.
Hence, in order to compete in the market, anyone wishing to purchase a property in Toronto must now earn at least $207,000 annually.
In my view, there are plenty of better and more interesting places to live than Toronto.
Living in a house that consumes nearly all of your income in my eyes is not a good way to live.
And the thing is, the majority of their owners never live in them.
They are too focused with their jobs to appreciate them.
Food for thought. GW