I should be clear that I simply want the gap to close. I don't care if the gap closes by property values in Toronto and Vancouver crashing or the gap closes by Ottawa heavily increasing value to catch up to Toronto and Vancouver. However wishing that other people become bankrupt to benefit my ability to own homes in other cities is immoral so I taking the option of wishing Ottawa values go up so we can all be wealthy and more flexible as Canadians. The gap between Ottawa and Toronto wasn't always a huge chasm like it is now. The difference used to be about 100k even as recent as 2010:Chickinvic wrote: ↑Jun 3rd, 2017 1:10 pmOttawa wouldn't likely increase in a bubble. Toronto will likely stay in ratio - if Ottawa is skyrocketing it won't catch up to Toronto. The same conditions that make Toronto more expensive/desireable to others would still be there, no?
One of the things that makes Ottawa great is that someone like yourself (young, single) can still afford to buy a place and set down roots. Why would you want that ruined for future generations. A house is supposed to be a place to live, not your lottery ticket.
http://www.homesinottawa.com/site/Pages ... rices.html
http://www.trebhome.com/market_news/mar ... istics.pdf
Now the difference is million dollars or even more and that is just ridiculous.