Nearly four years ago, when I started on this very blog, the prevailing money story of the day was the Toronto housing market, which was so bloated it would burst any minute.
Specifically, we were talking the city’s condo market. Dubai was still the city most synonymous with construction cranes, but Toronto was getting there.
The question, even then, was: who’s buying these things?
As 2012 comes to a close, visitors to Toronto will notice the cranes haven’t left, and in fact they’ve grown in numbers, making Canada’s largest city the skyscraper capital of the western world.