TORONTO IN TROUBLE?! | Canada Real Estate

HOW BAD IS IT GETTING

The growing concern of big city residents over the deterioration of their infrastructure, roads, traffic, safety & general livability. How will it turn around? Who will pay for it? What happens when Real Estate Revenues like Land Transfer Tax, Development Charges & Levies dry up as the ability to build new development & home buyers ability to make new purchases just disappears

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[guyhickey]

Best view of Toronto is in the rear view mirror when you’re leaving.

[coffeesleeves]

Sold in 2021 -- The city is in disrepair and barely recognizable in places. No sign of where tax money is going.

[heathmckenzie]

Municipal governments are 5X bigger than they should be. Bloated bureaucracies that endlessly burn money and make the cities worse through overly burdensome regulations. Government needs to shrink at all levels for Canada to start thriving again. (Also cut immigration 90%)

You live by the sword. You die by the sword! Canada has failed to recognize the importance of diversing capital investment, we have been relying on real estate to prop up our economy for way too long and now going to pay for it!

[Blakpepa]

Toronto is the most stressful city I've ever lived in. It's beyond repair and i cant want to move permanently

[spring]

Will the last one out of Toronto please turn off the lights.

[Jeff_Lee]

Lesson. Can't build your whole economy on real estate.

[JohnP-xr]

I have lived here my entire life and this is the worst it has ever been.

[erikjensen]

Government spending should be legislatively restricted to increases of not more than inflation. Government is completely out of control. And, ZERO accountability.

[apscoradiales]

Several comments, not in any particular order...
I've lived in Ajax, and worked in Toronto for nearly 50 years.
So, it was a daily commute back and forth.
Back in the seventies, it would take me about 15-20 minutes driving from Harwood Avenue to Bayview and Sheppard.
Last place I worked at Bloor and Church, it would take about 2 hours on an average to get to work, and same to get back home to Ajax.
A distance of exactly 50 kilometers.
Sometimes I stayed late or worked on weekends. Even at 2am on a Saturday or Sunday morning, the DVP would be jammed, stop-and-go.
GO Trains were a better bet, unless it was very cold, then its doors would freeze, and wouldn't close or open until a crew member ran around them with a blow torch to melt the ice.
Montreal, where I live now, has almost the same traffic issues, but not because of volume.
It has issues because or millions, and millions of traffic pylons scattered all over the place.
Normally, you put those on the streets or roads if you are doing some road work, but in Montreal they put them up years ago, and nobody is doing any work at all.
Montreal roads, and streets have huge pot holes all over the place. Just in the past two years, we have spent close to ten thousand dollars fixing broken parts on our car caused by pot holes. You cannot sue the city, and if you make a insurance claim, your rates will skyrocket. Even though I have not been to Lagos or Djibuty, I'm sure their roads are far better than the shiet we have in Montreal.
Why is that?
It's because Montreal uses 1948 France paving standards, and because all construction in Montreal is being run by the Mafia.
So, if you try to do something about it, you will be fitted for cement shoes feeding the fishes in the St. Lawrence River.
It truly is that bad.
Cost of real estate not just in the two cities, but right across Canada?
Ridiculous, totally ridiculous.
Investors gobbled up what was for sale, and normal folks got left out.
We rent in Montreal, but even that is becoming more than ridiculous due to lack of affordable apartments, and huge costs.
Canada has become a Third World nation of the worst kind in the past decade or so.
F this place!
Time to move back to Europe!

[devonv]

It’s a dump. So glad I moved out. I only visit the parents and the occasional job

[tonycommisso]

Chow will ensure the downfall of Toronto

[swingbag]

Born and bred in 416. T.o is a shit hole. I live in the woods now. Best and I mean BEST decision i ever made

[boneseyyl]

Toronto is nothing but a roadblock in the middle of Canada. And it is getting harder every day to get around it.

[CoreyLloyd]

Without a doubt, this year will be worse than the last. I lost a lot of money last year as a result of bad investment choices that I would not have made if I hadn't been so worried about my portfolio. I kept investing, but I couldn't determine whether to start paying for a house. In the end, I sold my positions, and the house needed more work than I had planned. I'm not sure how long I can keep going like this

[bifflowman]

I've given up on driving in Toronto. It's an unmanageable mess!

[Verticaltechwizard]

Canada is in trouble. What does the next 20 years look like? If you are young, lots of possibilities in this world.

[stellad]

Came to Toronto in 87 it was the shit now it’s a toilet, I put pipe in the ground don’t get me started on how we work in this country, this nation is done.

[bpd]

TORONTO - Three star hotel with 5 star prices

[mikehaarsma]

It's the same in London Ontario... Salt on the wound - 34% property tax increase over 4 years....