All the Very Wise People who have been promoting Toronto as a go-to destination both for tech businesses and their attendant employees forgot one little detail.
Yes, Mr. Florida, I'm calling you out.
They're not gonna come to Toronto if they can't afford to live there.
And I truly believe we have achieved that critical mass.
The big dogs in global business are busy as can be grinding wages down.
Meanwhile, their ideological cousins who control the local real estate markets are busy as can be bidding up local prices to international levels.
That's why a 450 square foot condo in downtown Toronto is worth half a million bucks, which is pretty much what my 100 acre farm three hours away is worth.
Who do you think has a better quality of life? The guy on the farm or the guy in that condo?