Quote:
Originally Posted by Chronamut
A little history lesson:
...Montreal however, was where the huge bucks were- where the torontos of today worked out of. Then montreal became too expensive, and those companies and people moved to toronto, and that is when toronto exploded and started to build up.
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An interesting story, but not an accurate history lesson. Montreal saw an exodus of Anglophones during the 1960s, during the wave of Francophone nationalism. Some corporate head offices moved to Toronto (Sun Life), others stayed (Bell). The legal headquarters of the Bank of Montreal is Montreal, but the actual operational hq is in Toronto.
But prior to that,Toronto was challenging Montreal as the financial capital of Canada before WWII. In the 1940s the volume of stocks traded on the TSE surpassed those on Montreal's exchange.
Montreal's real estate has never been "too expensive". Relative to other Canadian cities, Montreal residential prices were flat for decades. Only recently has that changed.