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Old 12-12-2008, 02:30 PM
bullish bullish is offline
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Join Date: Jul 2008
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Quote:
Originally Posted by Jason View Post
I'm interested in buying a semi-detached house in midtown Toronto, but the prices still too high in my opinion. I have a steady job and a good income, but spending half a million dollars for a house doesn't seem reasonable to me.

My question is how far do you think this Toronto housing correction will go? Would it be possible to see a house priced $500,000 now in the mid $300,000 in 2 years, or am I dreaming?
You are expecting a correction of around 30%, and this will never happen.
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