Toronto and Ontario's fortunes continue to rise regardless of which party is in power.
That is probably true, except the New Depression Party !
Debt is irrelevant to Ontario. Easy to pay. No consequences. Population continues to rise unabated.
Not quite. True today, but getting harder and harder to get loans. Also see Greece. Debt is twice as high as California per person, and the highest of any sub-nation in the world.
http://business.financialpost.com/n...e-worlds-most-indebted-sub-sovereign-borrower and
http://www.theglobeandmail.com/news...er-heavy-debt-load-budgeting/article25334122/ .. although recently raised a notch .. $s spent on debt can't be spent on hospitals, schools, roads, child care, high tech innovation funds etc
Everybody wants to be here and Toronto is the only Canadian city that the World recognizes. This is reflected in Toronto real estate prices.
This is just proof of what folks outside of Toronto think: they have one big navel.
There are other cities in Canada, you know. Ever heard of, in declining international prominence: Vancouver, Calgary, Montreal, Edmonton, Winnipeg, Regina, Saskatoon, Halifax ? Higher growth in many cities than Ontario or GTA. Toronto is certainly NOT the only city the world associates with Canada. But then, enjoy he big navel's boom while it lasts.