'Wallet-bursting' housing costs have some Torontonians ditching the city for cheaper pastures

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Mauro Quattrochi is facing a decision shared by many in Toronto: commit to a “wallet-bursting life in the city, or a car-bound, almost-as-expensive life outside it?”

Quattrochi, an engineer living in downtown Toronto, says the mortgage cost on his condominium townhouse will skyrocket upon renewal next year.He wants to start a family with his partner, “but with the costs of food, childcare, and general daily living,” the path forward for the couple isn’t so clear.It’s a dilemma shared by residents across Toronto – renters and homeowners, alike – amid skyrocketing costs.If prices rise by an average of 5.

Reentering the housing market for the first time in over 10 years, Burgess, working as an assistant crown attorney at the time, said he and his wife were “shocked” at the price of a comparable unit. Before the move, Stavreva had rented an apartment with her husband in the city; “It was a one-bedroom basement apartment, 500 square feet, with no real windows,” she said.

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