Toronto housing prices?
Like many buyers / sellers, I am worry about the never ending housing price increase, and if a bubble is forming. I was listening to bnn.ca and this commentator came on the show. I visited his website and found the following:
Is it a buyer's market lately? I heard there are still some bidding wars going on during middle of summer before all the subprime warnings in US. But I don't think the prices have flatten in 2007 yet. I will try to find more info.
Labels: trading lessons learned
posted by Kelf at
3:40 PM
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3 Comments:
I use to wonder as well how long that increase can go on. I have heard about the potential threat of an ‘economic bubble’ in the real estate market. Analysts have talked not only about Toronto neighbourhoods but also about real estate markets of the world especially in the developed countries. According to them the U.S., Canada, the UK, Australia were/are the most threatened markets.
I have also kept an eye on the charts posted on stupidtrader.com
http://www.stupidtrader.com/general/more-toronto-home-prices/
Prices seems to have flatten since January when the US markets started to crash. I guess people general are reluctant to spend when their portfolio is down. I for one is like that.
Better charts on Toronto home prices here
http://www.stupidtrader.com/general/canadian-housing-prices/
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