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Olduvai III: Catacylsm
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Toronto’s House Price Bubble Not Fun Anymore

Toronto’s House Price Bubble Not Fun Anymore Average price of single-family house plunges 13%, or by C$160,000 from peak. Sales of homes priced over C$1.5 million collapse by 63%. Condos still hanging on. Housing in the Greater Toronto Area is, let’s say, retrenching. Canada’s largest housing market has seen an enormous two-decade surge in prices […]

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The Toronto Housing Market Is About To Collapse By This Measure

The Toronto Housing Market Is About To Collapse By This Measure With the collapse of Home Capital Group focusing the world’s attention on the Canadian real estate market, nowhere is the subprime debt time bomb more likely to go off than Toronto, which as we recently noted “has gone nuts.” Even Bank of Canada Governor […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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