CN Tower
Banned
http://www.nationalpost.com/news/canada/toronto/story.html?id=2461473
defy logic indeed...
Meanwhile, other economic indicators are booming. The hot housing markets continues to defy logic, with numbers showing that the average price of a house in Toronto census metropolitan area increased 13% from November 2008 to 2009, to $418,502. Residential building permits in Toronto are up over the same period by 25%, while commercial permits are down 10%.
Prof. Strange said Toronto is behaving the way cities such as Amsterdam or London, England, did in the housing cycle. Prices started to dip before the recession hit, but they didn't bottom out as in some American cities, and then they flattened or they came back.
"It's hard to believe that if employment doesn't come back that those kind of price increases can continue," he said.
defy logic indeed...