Sunday, November 18, 2007

Toronto condo bubble

I just like this article. The condo bubble in Toronto has gone on much longer than I ever thought it would. It is probably inflated by massive fraud, just like the US, and all the rats will shake out, once things assume their rational course. But it could go on for some time yet, since the reason the Canadian dollar is up, is that foreign oil money is pouring in.

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