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No. The HTA applies to all vehicles, not just motor vehicles. A similar example would be bicycles.

Use Outline.com for The Star articles: outline.com/www.thestar.com/rest-of-the-URL-goes-here

TrickyRicky, that investment would be income positive but cash flow negative. A cash flow positive investment should generate excess cash every month (on average), not require additional investment every month.

No they won't. The mill rate will automatically go down in response to higher MPAC assessments, unless city council specifically raises property taxes.

Wages DO track inflation over the long term (within reasonable error, once accounting for productivity gains). https://www.stlouisfed.org/on-the-economy/2015/november/relationship-between-wage-growth-inflation shows 50 years of (admittedly, US) data that illustrate this well. I did mention in...

Wages generally track inflation (approximately). Housing is a necessary good. Given a long enough time horizon (multiple decades), even a small imbalance between the two would significantly erode affordability. For example, a 3% higher rate of increase in housing costs vs wages would lead to a...

Unlikely. CPI rose 2.16% annualized over that time frame. So a real increase of 3.3% annually over 28 years. Likely a bit overvalued (should track inflation over the very long term, although short term departures could persist for years), but also need to consider other trends, like rising home...

Less than 5.5% annualized growth over the past 28 years, to put today's prices in perspective.

How many criminals are really buying houses in Toronto? Given current valuations and volume, I find it very difficult to believe that laundered money is a significant portion of the market and therefore driving up prices. Unless there are a LOT more criminals out there than I naively believe...

Beta/volatility is only part of risk (equity risk). Real estate has a lot more liquidity risk. Also transaction costs are significantly higher. You need appreciation of ~7% in real estate to cover transaction costs (realtor, lawyer, land transfer tax) before you even make a profit.

But you can't just ignore opportunity cost/carrying costs/inflation (even if you acknowledge that you're ignoring them) because leaving them out skews the comparison. Significantly. Mortgage payment alone will almost always be less than rent, but mortgage payment+property...

No reason you can't leverage stock investments as well...