Wow, that's a tough one. Vancouver is like Toronto; the cost of living is just through the roof and the vacancy rates are through the floor. When Alberta was booming, there were a lot of people from the east coast, of course, flying to Alberta and working there. However, when it's booming in the GTHA, the cost of living is the thing. Say you sell your house in Calgary where the market's terrible—you might even lose money—and then you move to Toronto. How can you afford to buy something in Toronto?
On February 21st, 2019. See this statement in context.