Hmmm

A sign that the housing boom in Toronto has reached an extreme: somebody is building luxury townhouses across the street from the Connaught streetcar loop (on Queen Street). According to the sign, these houses will cost about $450,000, despite the fact that they will be right next to a site on which streetcars will be whining and screeching 24 hours a day.

The positive explosion of condos and townhouses (or, as they're usually called, "townhomes") must mean that there are a whole lot of people with hundreds of thousands of dollars to spend. Which leads me to my next question: where did I go wrong?