Tracking Canada's Real Estate Bubble
The great minds behind BuzzBuzzHome.com released an amazing infographic this week that tracks what the experts on both sides of the Candian housing bubble debate have been saying since 2009. It's an interesting infographic that shows how opinions about the health of the real estate market change over time.
What does this mean for Toronto's real estate market? On the bubble side of the argument we have TD saying this summer that "Toronto and Vancouver are the must vulnerable markets". On the more bullish side we have, believe it or not, Garth Turner (not in the infographic). In a recent blog post, Garth argues that Toronto real estate prices "will be among the stickiest in the country" and will only see "marginal declines". Who would have thought?
Losers (Greater Fool)
Subsidizing Home Ownership
An intersting op-ed from the New York on exactly how much the US government should push home ownership
White Picket Fence? Not So Fast (New York Times)
Other Real Estate News
National real estate association adjusts its outlook, says sales will rise (Montreal Gazette)
Falling condo glass may be underreported, councillor suggests (Globe and Mail)
Detached home values in Toronto plunge, condo prices rise (Canadian Real Estate Magazine)
Eager buyers keep housing market hot (Toronto Star)
Oxford Properties to buy Toronto Convention Centre (Steve Ladurantaye)
MUST HAVE MONDAY – Fish Hotel (Mark Savel)