I'm not an expert, but Toronto's condo market looks to be out of control

[BeyondGeography]

3. New York has been ruined by housing prices

And, as a former resident, I don't care what anyone says. Toronto has qualities that have long ago disappeared from Manhattan. Something like the St. Lawrence Market just couldn't exist in Manhattan. Once it got "hot," the rent for each stall would go through the roof. Then the space would be converted to lofts or just torn down to make way for a tower. We'd mess up the waterfront something awful, too. Public walkways when private developers could build right out to the water and (as a way to further jack up prices) protect the tender feelings of their pampered resident/owners? Never.