Housing in Toronto is expensive but not overvalued, especially from a long-term perspective

Housing in Toronto is expensive but not overvalued, especially from a long-term perspective," Pastrick said. "Today's record high prices will seem inexpensive in 25 years. Housing affordability will worsen with the price-to-income ratio rising in coming years."



Central 1 is the central financial facility and trade association for the B.C. and Ontario credit union systems. Central 1 represents a consumer-oriented, full-service retail financial system that serves 3.2 million members and holds $91 billion in assets and is owned primarily by its member credit unions, 44 in B.C. and 96 in Ontario.


With offices in Vancouver, Mississauga and Toronto, Central 1 provides liquidity management, direct banking and payment service solutions as well as a wide range of trade services. For more information, visit www.central1.com