Comparing housing prices after a casino is built
Back in May, the City Council of Toronto voted 40-4 against a casino in the Downtown core of Toronto. The debate of having a major casino built in Downtown Toronto was a heated one.
On one hand, a casino would of created, “10,000” new jobs but on the other hand, Torontonians felt the City did not need 11,000 casino parking spaces at a cost of $1 billion and 7.5 football fields worth of slots and card tables.
This debate will probably not be settled today on our blog but Kijiji and Rentseeker did take a look at housing prices pre and post casino.
There are many factors that go into the prices of housing but it is interesting to note that after a casino was built in the below Canadian cities, the average price for housing only moved slightly – except in Richmond, BC. However, today, the average price of housing in most of these cities, is greater than it was pre casino.
Do you feel luck and want to be close to the bright lights, slot machines and card tables? Check out these places to buy/rent:
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