Posted Mar 2, 2023, 3:58 PM
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I am the law!
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Join Date: Sep 2002
Location: Toronto+
Posts: 22,004
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Cheap is relative.
A one bedroom apartment in Toronto would have rented for $750 a month and the unit could be purchased for $95,000. That same one bedroom will be now around $2800. It'll be close to $400,000 to buy.
Rental vacancy rate was 0% throughout the 1990s. Every one will a basement was renting it out.
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