POPPING THE TORONTO HOUSING BUBBLE MYTH
POPPING THE TORONTO HOUSING BUBBLE MYTH It seems to be in everyone’s conversations: the Toronto housing bubble. Many speak of it in hushed tones and worried glances, yet when pressed about it they cannot explain why. One reason for this is because they may not have taken the time to read the research. I am here to quell any concerns and pop the Toronto housing bubble myth. Is the Toronto Housing Bubble Real? Many people will read a headline such as “property transactions are at their lowest level since the 2009 recession”. This is, indeed, a true statement but it is not an accurate barometer for the health of the housing market. We need to look at relative comparisons and more specific indicators. For example, there were positive signs in the Toronto housing market this summer when it came to average selling prices of homes, as well as the number of homes for sale. If we zoom in on sales in July 2018 , we can see that sales were up by more than 18% when compared to