Toronto Real Estate: Why Do You Tease Me?

64 Wales Ave., Toronto

The sad fact is that I can not, under any circumstances, afford to buy a house in Toronto. I can barely afford a new pair of runners or wine with dinner. Yet, like a tween girl (or boy) with fantasies of being whisked away by Justin Bieber, I can dream. And I have a serious real estate crush at the moment. It’s a peaked-roofed, brick Victorian row house in Kensington Market, with a garden in the front and bright, clean-lined interiors.

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Toronto Real Estate, WTF?!

The Grange Park, photo by wyliepoon

Last Sunday night, before the sun went down, my boyfriend and I decided to stroll through my favourite Toronto neighbourhood and casually look for a new place to live. Right now, we rent a 1950s, 800-square-foot, ground-floor apartment near Sherbourne and Bloor. It’s a nice spot (we have our own garden and the building is quiet), in a nice area (we’re caught in a sweet spot between subway access and a lush, peaceful ravine). But I’ve always loved the neighbourhood around the Art Gallery of Ontario, at Beverley and Dundas West. The streets — leafy with lots of Victorian semis — are incredibly charming, and it’s near the Grange Park, OCAD, U of T, Kensington Market and Chinatown. Plus, my boyfriend and I are getting to that stage in life where renting is starting to feel too student-y (he just turned 30 and everyday I feel my 20s slipping away).

The first For Sale sign we noticed was for a tumble-down brick bungalow the size of Timbit. It looked a bit sad, with a yard of concrete pavers enclosed by a wobbly chain link fence. But before I could utter the phrase fixer upper, I was choked by the price. Over half a million dollars. The revelation made me feel both insulted and poor. I briefly tried to rationalize the price — good location, cute shape (with a little peaked roof) — then my brain started to hurt, so we moved on.

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