Toronto vs Silicon Valley

Toronto, 2016.03.15

It looks like Toronto's housing is now less affordable than that of Silicon Valley. An article in Vanity Fair indicates that the median price there is $US870,000, or (today) $CA1,161,250. Which is comparable to Toronto's $CA1,100,000 - $CA1,200,000, depending on who you believe. At the same time, the median salary there is $US66,000 ($US88,000), while the median in Toronto is $CA38,000.

But there's more to life than dollars. There's also hours spent in commuting. Here Toronto really shines, with 84 hours a year versus 67 in the valley. In your face, Silicon – wait....

Well, we can all be glad we're not trying to buy a home in Vancouver!

source: zerohedge.com

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(In which I leave the final word to someone else.)

It is not the critic who counts, not the man who points out how the strong man stumbled, or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena; whose face is marred by the dust and sweat and blood; who strives valiantly; who errs and comes short again and again, because there is no effort without error or shortcoming; who knows the great enthusiasms, the great devotions and spends himself in a worthy cause; who at the best, knows in the end the triumph of high achievement, and who, at worst, if he fails, at least fails while daring greatly; so that his place shall never be with those cold and timid souls who know neither victory or defeat.

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