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Old 11-10-2008, 08:29 PM
Canadian Canadian is offline
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Join Date: Jun 2008
Posts: 415
Default Toronto's housing market crashing hard

The Toronto's housing bubble is deflating, and now even the most stubborn homeowners cannot deny that. The October 2008 sales are down 38% compared to October 2007 and the prices are down 13% for the same period. GTA fared a little better but not much.

How much more decline do you think we'll see before we reach the bottom? My guess is anywhere between 30%-50% from current prices.
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