If your friend has 1.5 million to spend, it sounds like it's enough to buy a nice starter home.  You could still buy a very large home in Milton or Hamilton for that price.  They are obviously insisting on the most unaffordable areas of the city, which means centrally located, close to the subway.  Then the author goes on to state that more urban sprawl is the answer to relieve pricing pressure on the core.  But our friends with 1.5 million wouldn't want to live there anyhow. Anyone else catch the logical flaw here?