CTV invited me on tonight to discuss a new report about housing prices in Toronto & Vancouver. UBS (a Swiss bank) ranked TO & VAN as two of the top 6 cities they believe have housing bubbles. If you’re thinking “hey, I’ve heard this before” you’re right.. it’s because this story basically comes out every other month in some capacity. Calling a market a bubble is easy, because if the...
CTV invited me on tonight to discuss a new report about housing prices in Toronto & Vancouver. UBS (a Swiss bank) ranked TO & VAN as two of the top 6 cities they believe have housing bubbles. If you’re thinking “hey, I’ve heard this before” you’re right.. it’s because this story basically comes out every other month in some capacity. Calling a market a bubble is easy, because if the bubble eventually bursts you look like a genius, but if it doesn’t (like it hasn’t) you can always point to the future where it could happen...
Immigration (demand), Interest rates (cost of borrowing) and Unemployment rates are the three pillars of our market. As of today, they are all very strong in Canada (especially in Toronto) Track those three numbers in your market and you will feel great about Canadian real estate long term.
tom@storeyteam.ca
www.storeyteam.ca
