Originally Posted by Offhoff
Its the exact reason why, even with the vastly lower property values, total cost of living is actually more expensive in the suburbs especially once you have kids of driving age. The entire amount of money I spend on my bike in a year wouldn't put a dent in what my car insurance would be. I think what will be most interesting in Toronto is the change to higher density housing. Besides rosedale, single family dwellings are going to become a rarity in downtown Toronto over the next 20 years.
i have to agree with you. ever since i stopped driving my car, i've had money coming out of my ears!! (well okay, not really...but much more money anyhow!)
higher density housing is silly, but i guess there is no way around it now with the escalading cost of land and also the fact that developers are no longer allowed to develop new land. housing with a small footprint but rise high up are....still small. i dont care how many square feet it actually is! each floor is miniscule!! and u have to scale flights of stairs to get anywhere. d'ah well. what can you do?