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Tag Archives: shrinking middle class

Canada Income Inequality: Toronto’s Cabbagetown A Prime Example Of Shrinking Middle Class

This feature was produced by Daniela Costa, a student in Ryerson University’s School of Journalism, in partnership with The Huffington Post Canada. In 2003, $350,000 bought Toronto resident Steven de Blois and his wife a house in the city’s colourful Cabbagetown neighbourhood. Eight years and two children later, the couple was looking to buy again. They settled on purchasing another home in the same neighbourhood — this time for just under $1 million. “We didn’t really see ourselves moving out. I saw myself in that [first] house forever,” 36-year-old de Blois says. “But there was an opportunity and we jumped …

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