Condo In Florida For Price Of A Parking Spot In Toronto

RE is not portable, but there has to be some kind of osmotic price effect from one market to another. How long before Canadians get the message? -vreaa

This from ‘Half-price homes? Canadians pounce on the Sunbelt’, by Tony Wong, yourhome.ca, 14 Mar 2010 -

“Being in Toronto you become jaded at the high prices. There really is a bit of a disconnect to what is happening here and what is happening in the U.S.,” said Toronto buyer Lynn, who works at an agency representing photographers. Lynn’s first buy was a relatively new one-bedroom condominium in upscale Naples near the beach for $54,900. That’s about what parking would cost at a new luxury condominium in downtown Toronto. (An extra parking spot at the still-to-be-completed Ritz Carlton on Wellington St., for example, costs $55,000 Canadian.)

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