25.10.2011 - No housing bubble in Toronto
Toronto’s housing market has not received anywhere near the attention that has been paid to the Vancouver market and its reputed housing bubble. But it is easy to forget that in the first half of 2010, the Toronto market was also perceived as a bubble ready to pop. At that time, sellers held sway and double-digit year-over-year price increases were recorded. The good news is that the situation in Toronto had nothing to do with speculation — which can lead to a bubble — but was driven by economic fundamentals.............................................Full Article: Source
Print