5 ms·

>Its housing is just as unaffordable What? It's not even remotely close.

• rpeden 8y ago
  Not in absolute terms, but it's closer when you compare housing cost vs compensation, I think. The cost of rental housing has jumped up quite a bit recently, too. When I was looking for a place to live in 2015, I saw quite a few condos for rent right downtown for $1700-1800 a month. Now I see units in those same buildings renting for $2300 a month and up. Still cheaper than SV, I suppose? And if you don't mind a bit of a commute, you can find more affordable accommodation.
  • parthdesai 8y ago
    Yup, all the new building (buildings built after 1992) weren't under rent-control. Since last year, they now are under rent-control which means landlord can only increase rent by 1.7% every year, which is why you saw that jump in rent. Not leaving my condo until i manage to buy my own place, which is going to be very difficult as well.
  • mthoms 8y ago
    > Not in absolute terms Well no-one is saying that Toronto is better than SV "in absolute terms" either. Just that more tech jobs were added.