Toronto Housing Sales Shatter the Bottom of the Chart
I was expecting this last June, which was more than 6 months from the strong signal the previous November. Look like Toronto sellers can hold their breath for a long time.
Actually I'm expecting that price line to shatter the bottom, too. That's because there are no listings and people are still holding on. The banks are running away from this whole thing, but it's too late for them.
So, perhaps the Spring when the desperate listings come out. Everybody has two houses and the new houses will be finished once the weather warms up.