Unlearned Lessons From 2008

For 4 years, many critics have claimed that the pace of Canadian house price appreciation was unsustainable. They were wrong... until 2017. Now, a few markets, even in the GTA, are down 15-20%. The new stress test (B-20), which I just had to pass while applying for a mortgage, uses a rate of 5.15% when … Continue reading Unlearned Lessons From 2008

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So Long, Toronto

The battle to make it in Toronto lasted 7 years. At last, it is over: we lost. Time to retreat to Quebec City! Let's rewind... 7 years ago, after a short stint in Los Angeles and then, Montreal, we moved to Toronto¬†with the intention of settling down. My wife works at the University of Toronto … Continue reading So Long, Toronto