Quote:
Originally Posted by TOexpat
There is money in TO. People don't realize how crappy the economy in Ottawa is. It is a government town and I think we have seen the peak of the good times for public servants. And unlike TO we have mostly local investors and very little overseas money (mostly Chinese) looking for a safe haven. To also offers growth potential because it is private sector town, again not the case in Ottawa where public servants face stagnation at best.
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That's a good thing though, it keeps housing affordable in Ottawa. How the hell is $1 million dollar home prices good for anyone??? I've never understood why the media treats slow-rising home prices as some sort of disaster. Falling is bad for existing owners, but stagnant/slowly rising home prices are best for all involved.
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