Friday, December 25, 2020

the trend seems to be that the wealth is migrating out of the core of the gta and towards the suburbs, and while the reason for this may be the virus, it's mimicking the kind of white flight we saw in cities like detroit 30-40 years ago, and potentially creating the same sorts of situations.

i'd rather live in toronto than windsor. if i could afford it. i don't want to go back to ottawa....i was happy to get out....

if the rents keep falling, and the capital keeps fleeing, maybe it might open up some space. but, the flip side is that it could just create a vicious housing crisis, if foreign capital comes in and buys it all up.