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Old 05-28-2009, 02:13 PM
trent trent is offline
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Join Date: Jun 2008
Posts: 387
Default Toronto housing market

Toronto housing market is defying gravity posting marginal declines in sales and price for the first half of May 2009. The number of houses sold in 416 area was 1,734 down from 1,864, while the price for the same period was down less than 1% from $439,459 to $437,205.

Obviously there are still lots of delusional buyers, thinking that interest rates will stay that low forever, and confusing temporary low monthly payments with affordability. Good luck to all future and current bank slaves .
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