that’s far fetched. you probably meant “detached house”, not a small 1 bed condo
I can buy this 1 bed condo right in downtown core where I rent now, for only $320K
Toronto isn’t that expensive if you compare to NYC, San Francisco, etc. Plus our property tax is far lower as well
That explains why our salary is lower, but in the end, I save same amount of salary per year if I were to live in Manhattan per say