Thursday, August 24, 2017

Toronto housing bubble declared dead by banks


I just like these charts.  I'll have to wait until September for my usual chart.

Milton was the worst, with everybody owning 2 homes.

ps.  the very survival of the banks depends on this thing stopping at 20%, so right now they aren't alarmed.  We have several abandoned houses for sale around.  They had nice families in them one day ... and gone.  Right now I think you can sell with a 10% haircut, otherwise the newspapers would be screaming.

pps.  These guys are already saying the discount is now 20%.

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