Quote:
Originally Posted by Canadian
I'm waiting for prices to come down significantly as well. Before that I won't bother buying. I think we are still at least 2 years away from the bottom of the Toronto housing market, as the decline in prices just started. It should be fun  . |
I agree that it will be fun watching over-leveraged homeowners trying to get out of the real estate market, however I expect significantly lower prices in the Spring 2009, maybe 20-25% down from where we are at now.