Reminder that US housing prices are cheap and affordable compared to Canadian prices considering most people will never own a home again in Toronto and possible all of Ontario. Average house price in Toronto is 1 million + and it is not out of the norm to see 20%+ price increases every year. I was watching a co-op 2 bedroom condo that was selling for 300k in March/2019. They relisted it for 739k this week. There is also the fact that mortgages in Canada are only for 5 years and the interest can't be written off against your income. Amazing that at the current trend a house in Toronto will be several million dollars in just the next decade while the average salary is typically 60k CAD a year.