John Pasalis in Real Estate Roundup
It's just the first week of 2012 and we already have three economists weighing in on Toronto's housing market. BMO tells us that our real estate market is the hottest, TD is concerned that there is trouble in the condo market and CIBC believes that houses are 15% overvalued but they don't expect a crash in the real estate market.
The CD Howe Institute also put forward their own bearish outlook for for Canada's real estate market
Toronto real estate market ‘the hottest:’ BMO (Globe and Mail)
TD predicts trouble for B.C. real estate, Toronto condos (Globe and Mail)
CIBC economist: more like 15% overvalued (Canadian Real Estate Magazine)
Bear snarls at housing (National Post)
Other News
Rush to get condo plans approved amid fears of labour disruption (National Post)
Average home price in York $540K (York Region)
January 6, 2012
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