Quote:
Originally Posted by DiNaMo
I'm surprised at the lack of media coverage into the GTA's housing market. Average detached prices in Toronto itself have hit $1.5 million after a 35% year over year gain. Where's the finish line? Give it another year and will we be at $2+ million this time of year?
https://www.thestar.com/business/201...-year-ago.html
Frankly I'm sick of foreigners using Canada's housing market as a bank, and whether or not they're the driving force (only part of the problem in my opinion) it's time to impose a tax like Vancouver's country wide for the privilege of owning Canadian real estate.
Lastly I don't mean to promote a different forum but I read the following forums once in a while for some more GTA based perspective.
http://forums.redflagdeals.com/real-estate-f169/ |
Actually I see a new news article every day talking about GTA's real estate prices and affordability issues. I think there have been like 4 major bank CEO's that have warned of the bubble in the past month. It's crazy, the demand is sky-high, but listing are very low, leading to bidding wars on almost every detached house.