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Toronto: Is it bloom or bust for real estate this spring?

Posted on 18 February 2013

Economist David Madani sent shock waves through the real estate industry when he predicted that Toronto’s overheated housing market was due for a 25 per cent correction. That was two years ago.
He’s still waiting — and watching closely — as the GTA heads into one of the most pivotal spring markets of the last two decades. Madani remains convinced that the most prolonged housing boom in history, fuelled largely by low interest rates, is headed for a hard landing, particularly in Toronto’s “overbuilt” condo sector………………………………………..Full Article: Source


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