Thursday, January 7, 2021

Toronto housing hits new peak on no sales


I think we're dividing by zero on this.  Total money in the market is average price times sales, and that remains low.  Meanwhile, condos are heading down, which are the knees of the market.  You have to expect a reckoning at some time.

ps.  nobody in the neighbourhood is selling because nobody wants to go to a retirement home, a sinking condo, or the freezing North.  

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