Quote:
Originally Posted by Flamenspiel
BNN had a graph showing that Toronto housing prices have not really gone up in US dollar terms and simply matched the US currency bubble. The jist of it was that housing had not really gone up from foreign investors perspective.
In addition 1st time buyers are finding it impossible to move up to the second home as the condo price increases have been very modest compared to a fully detached home. The differential between condos and detached homes in Toronto is reaching historical records.
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What US currency bubble are you referring to though? I don't know if this seems to qualify, and I'm not researching this tonight, but I would hazard a guess that we're around the mean as far as USD/CAD?