Is the Toronto Real Estate Market Really About to Crash?

real estate bubble / burbuja inmobiliaria

If you watch the news or read the papers, you know the Toronto real market is about to crash.

But is it?

Not according to my friend Andy Brethour. The president of PMA Brethour Realty Group and an expert on all things real estate, Andy wrote an excellent post last week outlining all the reasons why he’s certain there will be no such crash.

In fact, to quote Andy, “the Toronto market, despite the alarm, is back to normal!”

Reasons for this include:

  • Recovering employment rates and modest but positive income growth
  • An immigration flow that will still see demand for over 30,000 households every year (despite more immigrants settling in other regions rather than Ontario)
  • Affordability, which is helped by some of the lowest interest rates in history

While it’s true that the real estate market has changed, for example with the first-time buyer engine running somewhat slower, Andy predicts the Toronto Market will remain very stable and steady — and I concur.

Click here to read his article and let me know what your thoughts are!

3 Comments (+add yours?)

  1. Florine
    Feb 22, 2013 @ 02:52:37

    Thanks for your effort for writing “Is the Toronto Real Estate Market
    Really About to Crash? | JohnAmardeil.com”.
    I reallymay really wind up being back again for more
    reading through and commenting here soon. With thanks,
    Bernard

    Reply

  2. Trackback: Can I Apply For A Mortgage Home Loan For A Condo?

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