Monday, February 6, 2017
Toronto Listings and Sales Fall Heavily
I look at this as the beginning of a great crash due to the money laundering leaving Toronto. Others can look at it showing that prices are up. But these figures were also the same as the first day of the Vancouver crash, and every other crash.
My hypothesis of a big crash still holds with the January figures. This is a seller's strike, hoping for a better price soon. The spec house down the street has gone to renting. So, for the next 6 months, buyers and sellers will be staring at each other, waiting to see who blinks. The prices will flat-line.
At the end of that period, we'll start the shake-out.