Toronto real estate is crazy—but at least it’s not $590,000-for-a-basement-suite crazy (like Vancouver)

Apparently, the Vancouver real estate market can out-crazy Toronto’s. The proof: a basement suite on an East Vancouver thoroughfare reportedly sold for close to $590,000. Some pictures posted by Vancity Buzz show a top-notch refinishing job with large windows, wood flooring and a spacious living area. Still, over half a million bucks for a basement? (Although, we admit, there is that Rosedale attic on the market for a cool $1 million). At least the people shelling out cash in Toronto’s condo bubble get to live above ground. Read the entire story [Vancity Buzz] »