Guessing mmmnaked works in real estate. The industry that benefits most from tens of millions of people trying to cram into a limited space. Well guess what bro, eventually wall st 2008, is coming to bay street. And that a is fast approaching, so you better tuck some of those shillings under a mattress somewhere. Housing credit is not sustainable with whats happening to the market in the horseshoe right now. I'd wager that no new GTA mortgage will ever have a zero balance, without a much larger one being issued in it's place on the same property. And that's a problem, a big one. Banks are already issuing mortgages people can't afford, and that's easy to see. Just looked at realtor.ca, the cheapest detached freehold in Toronto is $500k, which means $50k down and the mortgage at Tangerine's current 5 year fixed rate works out to a $2050 monthly payment assuming a 25yr ammortization. To be considered affordable, housing costs should account for no more than a third of NET income, which puts the required gross into 6 figures just for the mortgage alone. Exactly how many 6 figure jobs do you think there are in metro Toronto? Better yet, how may of those jobs are left after you account for commuters? Easy answer, not enough. Oh and btw, the op topic made no mention of importing highly educated proffessionals from places like Dubai. It's about bringing enough 3rd world refugees to overthrow install a pro islam government and institute sharia law. But hey atleast then we can fix the childcare issue by having the mothers where they fucing belong, there is a reason they have dairy producing tits and we don't.