Wednesday, February 6, 2019

Toronto home sales

I always wait for this graph, although it gets more and more confusing.  Tor sales are at the bottom of the chart.  Prices are taking a big dive.  Yet, everybody says we'll be back to peak prices in no time.  Bitcoin is the same.

I'm waiting for condos to take the big dive.  Might be another 6 months.  In March, the listings will go zooming up, and then down again, as everybody takes it off the market.  Tons of new construction is becoming ready, and people must be strung out.

Meanwhile, there are a lot of empty units and houses.  This is interesting.

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