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Featured blog entry from Canadian Financial Blog

Toronto – The Real Estate Crash Begins

Posted 09-05-2008 at 02:47 PM by BankAdmin
It’s happening folks – the Toronto real estate prices in August 2008 are off 1% from August 2007 according to the Toronto Real Estate Board. The GTA prices inched up 1% from last August, but I wonder how long would that last? Now the real kicker – the number of sales in Toronto declined 25% compared to August 2007! Yes, I didn’t mistype this; it’s 25% decline – think about that for a moment. The GTA sales were down "only" 22% - what a relieve.

The number of properties...
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Posted in Debt, Real Estate
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