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By arienc (registered) | Posted February 07, 2009 at 12:22:28
A Smith...
A $300K home in Hamilton is a four-bedroom, 2500 square-footer with 50' frontage, and municipal services and infrastructure built to support same.
A $300K home in Toronto is a one-bedroom, 700 sq ft. condo. Much much lower cost of servicing than a Hamilton home on large lot.
Which makes for a very poor comparison. A home in Toronto receiving the same level of municipal services as the Hamilton $300K home would be valued at $600K, and would not have substantially lower tax rates than the same home in Hamilton.
"First they built the road, then they built the town. That's why we're still driving around and around, and all we see. Are kids in buses. Longing to be free." - Wasted Hours, The Arcade Fire
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