From my perspective I see it differently and I don't think that Toronto is currently in the midst of a condo bubble. What I can state is that what we have likely seen over the past two to three years is just a cyclical slow down from the overheated real estate buying days of 2011 widgets record sales numbers.
If we were to see in real estate bubble burst would likely means they'll have decreased by an average of about 30% that would be similar to the US housing market crash of about 2008 according to their home index.
Most people agree that after the 2008 financial market crash the growth in this country has been built around speculation some of that statement is true then the market would have crashed a long time ago.
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