Real Estate Bubble Forming in Canada

New York Times comments on Toronto's real estate market. Price bubbles are like angry sitcom spouses: by the time one thinks to ask if something is wrong, it’s already too late. By that logic, Toronto’s market must be past the...

New York Times comments on Toronto's real estate market.

Price bubbles are like angry sitcom spouses: by the time one thinks to ask if something is wrong, it’s already too late. By that logic, Toronto’s market must be past the point of no return. The New York Times is the latest American newspaper to wag its finger at Canada’s real estate market. “The Canadian Real Estate Association reported that the average price of existing homes rose 19.6 per cent in January compared with those in the month a year earlier,” and compared with a 2.6 per cent growth during the same period in the U.S.

It’s growth that few think is viable, according to this article »