The Exodus of Toronto

As predicted the Toronto exodus is still happening. Some strong real estate numbers in surrounding areas. I am just curious how long this will last post vaccination? I know some smaller companies will consolidate offices and move 'some' people to remote (home office) locations, but other companies will bring employees back into the office. Will people be able to live in cottage country and afford to have a condo in the city if interest rates creep up, and personally I believe they need to creep up.

That is going to be one hell of a commute to have to get in and out of Toronto via car or the GO snail train from 60-100kms away. Just curious to see how this will play out.

https://www.newswire.ca/news-release...836349321.html

There was a story out yesterday that about 50 thousand left Toronto last year.

Last week I was reading that North Bay saw a large spike in U-Haul truck drop off.
It doesn't say that they all went there but did say North Bay had the largest amount of U-Hauls being dropped off. In Ontario.

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If I could see the future I'd already own my own private Island in the south pacific where I'd have been for the last year. :)

In "some" few ways I think it's a wee bit good. It might alleviate some of the upward pressure on housing in the GTA. I've mentioned my niece and her friends, that over the last 2 years have moved to Seagrave. The GTA gets 70% of all immigration each year. While immigration numbers fluctuate, its around 200,000 to Canada per Annum. So since around 1990 or the last 30 years, that's 100-150k per year or just over 3 million people needs housing of some type. And jobs....

There are reasons sooooo many go to the GTA to live....and work...

2020-2025
Without the infractsure and without the jobs to support stuff..............Aside from land taxes likely exploding in the outer area's it's going to create other problems.
Personally, I dont see any good coming of it, or happy endings

Think about how I feel. I did plan ahead, for the future. I do have cottage on a private island...in the Kawartha's, that they don't want me to visit. Maybe a maintenance check next week. lol.

This is going to change the demographics of most big cities - and not for the better. If the affluent and flexible workforce starts the exodus of large cities like TO, & NY there will be an erosion of the tax base and the downward spiral will begin. We just need to look at large cities in the US to see where this has already happened and is still happening.

https://www.huffingtonpost.ca/entry/...b68bd699260325

who would want to live in toronto? overpriced homes and a liberal cess pool..ive been avoiding like the plague before this pandemic..no wonder theres rumours its own mayor doesnt live there....just like Cambridge Mayor (former Lieberal MP Kathryn McGarry) lives in North Dumfries and not cambridge - thats ok shes just forcing safe injection sites in cambridge to make the city a better place to live!
Just like the city of Detroit rotted to its core after years of democRAT run mayors, much the same will come of the cities run by these left leaning Lib mayors, its only a matter of time

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Originally Posted by kokes

who would want to live in toronto? overpriced homes and a liberal cess pool..ive been avoiding like the plague before this pandemic..no wonder theres rumours its own mayor doesnt live there....just like Cambridge Mayor (former Lieberal MP Kathryn McGarry) lives in North Dumfries and not cambridge - thats ok shes just forcing safe injection sites in cambridge to make the city a better place to live!
Just like the city of Detroit rotted to its core after years of democRAT run mayors, much the same will come of the cities run by these left leaning Lib mayors, its only a matter of time

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There are already large areas in Peel and Mississauga that are already cesspools..rotten to the core and not fit to raise a family in. .

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Originally Posted by 410001661

This is going to change the demographics of most big cities - and not for the better. If the affluent and flexible workforce starts the exodus of large cities like TO, & NY there will be an erosion of the tax base and the downward spiral will begin. We just need to look at large cities in the US to see where this has already happened and is still happening.

https://www.huffingtonpost.ca/entry/...b68bd699260325

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Not to mention, what might happen when companies start finding people who are willing to do the same work remotely for far less than 80,000 100,000 140,000

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Originally Posted by fishermccann

If you ask the locals,I know of a couple of towns or small cities not in the GTA ,that are not fit to raise families in. . Lindsay and Peterborough come to mind. Bad people everywhere. Just about more people living in an area, means, more bad people.

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soon all the small cities are going to be over run with tent cities

Define bad people.
Undesirables? Typically low income, etc.

Want guess to why economically depressed areas have a disproportionate number of “bad people”?

/Hydro
/manufacturing
/jobs
?

US Rust Belt?
Mid West
populism/Trump?

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Originally Posted by JBen

Not to mention, what might happen when companies start finding people who are willing to do the same work remotely for far less than 80,000 100,000 140,000

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The issue is that the technical expertise and experience levels do not lend itself to opening jobs up to anyone in rural Canada for a cheaper price. Data entry or customer service fine - I get it, these are lower skills and with min training you can be proficient in 2-3 weeks and work remotely

Other than that you get what you pay for.

True to a degree 4100. Much would depend on the specific job. But to assume there aren't hundreds of thousands, or millions of qualified people somewhere else in the world, willing to do it for far less.......If I think back to my old life on Bay Street, and the tens of thousands that used to occupy the towers on a daily basis. All working from home since March. My daughter is one such. She could be replaced in a heartbeat, as could a whole bunch of people in everything from insurance, to banking, to trading, to back office, mid office and accountants, and on and on.

I happen to know two highly paid people in advertising. No doubt, they are good. After searching for a "cottage" they are now looking at moving to South America. All they need is a good connection. I'd bet a lot money there are people just as good, just as qualified, willing to work from home, where ever home may be, for far less than they are paid.