I crashed a few open houses in the Toronto-area because I’m nosy and I wanted to see how much homes cost these days. The results are a little horrifying. I shared my “Squawky” findings with The Globe and Mail and I want to share them with you guys too.
I’ll be writing a regular column for The Globe called Cash and Kerry. I’m pretty excited about the new gig because they’re into me being my quirky self. So I’m into it too.
The Globe and Mail: House hunting? Here’s what $1-million buys in Toronto these days
I’m still writing quirky stuff here on my bloggy blog. So if you’ve emailed asking: “Are you still here?” The answer is yes, yeah, yeppers, yep. I’m still writing here.
Love love love,
So glad to hear from you. I look forward to reading your pieces in the Globe. Hope you are well.
My husband and I were looking in Toronto a few years ago due to a possible job change. Our budget would have allowed us to maybe get a condo. The real estate lady told us we were more ” suited to Scarborough” for what our budget was!
You might already read Garth Turner’s daily blog, but if not it is worth its weight in gold! www greaterfool.ca (predominantly about the housing disaster in this country and the sorry state of income, debt and delusion.)
Kerry, you a a breath of fresh air!!
I am pulling for you at G+M!!
you are young and vibrant, keep up the great work, we need to see you more!!
Kerry, my husband rented the top floor of a house almost identical to the first one in your article, paying $725 monthly way back in 1992, so I’m not surprised by the whopping costs of a whole house, especially considering how gentrified that area has become. I love articles about Toronto housing prices, as we now live 3 hours away on 15 acres of peace & quiet!
By the way, I was in the audience for your TEDx Talk last week in Chatham – you did a great job!
Kerry delighted to know you will be writing a regular column for the Globe – you have a lot to say gal and you say it in a way that folks can hear (particularly young folks, hard to teach boomers anything…I’m allowed to say that ’cause I am one.
I regularly pitch your site when teaching young’ins at my financial literacy sessions and oldsters at my Retirement Rocks seminars.
All the best,
Hi Margie, I’m thrilled you saw my Tedx talk. My eyes are still recovering from the bright lights. PHEW. 🙂
So excited to see your article in the G&M today! Glad to see you are writing and being you!
Wonderful to hear your bright funny voice. I’m ancient Boomer, but my kids are all your age group and we always enjoy discussing your insights.
House hunting is so overwhelming. I have just barely looked into it, and it blows my mind every time. 😛 One day I will just have to buckle down, do my research, and get serious about it. Until that day though, I am probably going to keep procrastinating. Lol!
Congratulations on the new gig! and on a TedX talk!
Real estate in Toronto is outrageous now. My wife and I sold our condo and are quite happily renting while we wait for the housing apocalypse. On the plus side, it’s allowed us to move 14 KM closer to both of our jobs. Owning was holding us back from moving because of the high transaction costs of buying/selling.
And here’s what a million dollar house looks like if you live somewhere without a housing bubble and where people don’t gladly gorge themselves on ridiculous levels of mortgage debt. You fellow Canucks go ahead buy that ramshackle Toronto house and be broke for life, I’m saving my cash for retirement somewhere warm.
I just came across this article today but I thought it was great. With so many differing opinions about Toronto’s current real estate market it was refreshing to read one that was calm and observational while still very insightful. Thanks!
Glad to know you’re still here. Look forward to your writing, Kerry.
Hey great read in the globe. You should do a follow up piece on what a million can get you outside of the city. Show a contrast of living downtown compared to suburbs or rural living. Benefits and downsides for both! Would be interesting to see a comparison on what you can get for $1,000,000.
I remember that article. I did not know you wrote it. I enjoyed it very much. As a previous poster suggested, very interested in how a million dollars for housing fares in the suburbs?
A million dollar home in Toronto (as your Globe article showcases) looks like a million dollar home in the Los Angeles (US) area.
Most buying these “million dollar” properties are demolishing them and building modern homes to sell for much, much more.
There are plenty of great homes in the suburbs for a fraction of the cost, but in LA it’s a two hour (plus) commute to work.
Toronto is getting so expensive. Me and my SO moved to Hamilton and we love it here! people don’t appreciate the smaller towns until they live here but I always tell people that they need a break from the city. Great article, Kerry.