I just finished vomiting from pain. Lovely, eh? I have been SO good. So good! Doing everything right. But I guess I pushed it today and did too much? Once I was settled in for the night, the pain just washed over me. Hit me like a ton of bricks and I just lost it. *sigh* So I took some paid meds, which I have been off of for 48 hours. But clearly I still need them. I feel much better now.
OH NO.
But I do understand - once that pain pill hits the ABSOLUTE RELIEF. Yeah for that. Isn't that wonderful. But I am sorry that that happened Erika. Frustrating.
I was SHOCKED to hear you are not being stubborn. But "pushing it" is being on the edge. You know that, right?
So where do you look on the MLS Erika (besides Florida)? Really I WANT TO KNOW. That is what is so great about the States. You can move and live a TOTALLY different life which includes such varying climates. We vary but not to your degree.
How I LOVE talking real estate and urban planning. Poor you.
Toronto. First, that figure for that bungalow is PRIME TORONTO NEIGHBOURHOODS. Meaning you could get a bungalow for 3-4 other Toronto places that are out there and not as hot. It is not a way out suburb BUT not necessarily downtown either.
Apparently Toronto is undervalued for a major city Erika - certainly our downtown is NOT Manhattan or downtown Chicago in prices (or looks - smiling). Probably (my guess) is that we always have room to build- in that we WILL destroy history for developers.

So we will forever be undervalued. Montreal costs less. Vancouver costs even more that Toronto for sure. Why? Vancouver's downtown is an island (a la NYC) so no place to go - only so much land and in Vancouver they go up. As in condo after condo. And in Vancouver you are right on the ocean and mountains. Can we say view?

. Most Canadians HATE Toronto. Montreal is interesting and European and cool. Vancouver is beautiful. Toronto is blah blah blah (blah blah is their words)- they hate us.
So Toronto - no Toronto property taxes are very low compared to Toronto's bedroom communities (and way lower than say Long Island or New Jersey). However, our land transfer tax is doubled right now in the city. Neither have anything to do with prices.
My guess. Pure demand. Not because Toronto is so great in itself but in immigration. We are a country that needs/wants immigration for sure. The majority come here to this city. I try to tell students that this isn't it but they come here the most. Toronto is probably less than 50% white (not that white can't be an immigrant

or a non-white could have been here for centuries of course) at this point. (And from rural Canada - Young Canadians coming for work/city life) Which is lovely - ie immigration equals culture. So if immigrants don't live here - they do Montreal (Major stress for some if you don't come from Frendh speaking countries - even then Quebec french isn't french french) or Vancouver (very high Asian and South Asian) or Calgary etc. But Toronto the most is a place where one can come from ANY country - ANY COUNTRY - and find their people and live comfortably in their own "land and people" so to speak. Really. Seriously. Instantly find their people. We are not a *melting pot* as the US. At times you will find people whipping around in their cars with their home flags because of a cricket win, a World Cup win etc. Just the other weekend - in Brampton (the Indian food I was talking about) India must have beaten Pakistan in cricket. SOMETHING. HUGE horns all over.
Downtown became hot hot hot in the late nineties/2000s and never stopped. That's why we did well. We bought on the edge - 1998. When we bought in our neighbourhood it was risky - drugs, prostitutes, homeless on the outer edge of it. NOW is THE NEIGHBOURHOOD and I can't get in.


Some other cities abandoned their downtowns during the same period (a la Detroit). Toronto just really worked on getting people down there.
AND our transit/highway system SUCK compared to yours and other major international cities. That makes anything in the city look like GOLD because of stress of commuting in general - time/stress/gas. Pure GOLD in comparison. Kelly can live hours and hours by car yet be in London in no time by commuter train. We can't. We have commuter trains but expensive and not as rapid. We sit in gridlock from close communities and a subway system with three lines.

Three! We have streetcars and some Rapid transit but it's insane what we didn't put money into.
So my guess immigration brings demand - awful transit/highway infrastructure makes "in the city" prime land/prices. Bolded for cheat notes and boredom.
You just have to watch old Property Virgins (which in the beginning was all Toronto) to see the insane prices. Or The Unsellables now (do you get that Kat?). Texas KILLS me on the other end.
I sold a 440 sq foot condo for 235 000. I could probably get over 250 000 for it right now A house in the city (not downtown/high demand area - just city in general)- unless it's falling apart or an area that hasn't reached potential- you really need 4-500 000 to get have a chance at a family home in the city proper. 300 00o will get you something somewhere. But both it's not what you think - some semis - row houses - renovations needed - some no parking etc.
But outskirts are different but still rising. Both my sisters own and bought under 200 000 and would sell 2-3. But one is a semi and ther other is a condo townhouse (meaning monthly maintenance fee).
And not all bedroom communities are bargains. My parents live about an hour from downtown. But their town is HOT.

They live in I don't know 1400 sq foot two bedroom bungalow. They would probably get around 400 000.
And that is my dissertation