Monday, June 5, 2017

Severe oscillations for Toronto housing

He put 'Wow' on his chart and that it is.  A total listing panic combined with a buyer strike.  Sales times prices gives and idea of the money in the system.  Again, if a large amount of money came in, then this could settle.  Faint hope.

ps I just read that new buyers welcome this.  Be careful what you wish for.  There's a very real chance that prices will drop below the banks' estimate of 20%.  All recent jobs have been with banks and the housing industry.  A major drop will unleash a cataclysm. I give it 100% but nobody reads me.  :)

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