Despite the worst recession since the Great Depression, Toronto real estate is booming. The boom isn't occurring because of affordability. The proportion of income used to pay mortgage principal and interest, property taxes and utilities is approaching the 1989 high.
12 Charts: Toronto Housing Market
12 Charts: Toronto Housing Market
12 Charts: Toronto Housing Market
Despite the worst recession since the Great Depression, Toronto real estate is booming. The boom isn't occurring because of affordability. The proportion of income used to pay mortgage principal and interest, property taxes and utilities is approaching the 1989 high.