Thank goodness I don't listen to commenters on here, or G&M writers for that matter (read: Carrick).

I bought my first rowhouse in Leslieville 4 years ago. At the time, you were all saying the crash was imminent. 

Not quite. In fact, I purchased my second Toronto property one year ago - a detached home in the Beaches. At that time again, you were all saying a crash was imminent. 

I now rent out my Leslieville rowhouse, and live in the other home. 

It's simple economics people. Toronto is an extremely popular city: clean, safe, job opportunities, accepting to all cultures/ppl. That means many people want to live here (demand is high). The supply of desirable living options can not possibly keep pace. Ergo, demand is far higher than supply. As a result, prices are driven up.

Economics doesn't take into account "fairness" or "opportunity" for millennials. If you can't afford to buy, rent, and save the difference between your rent pmt and a mortgage payment in an RRSP.