I'm not an expert, but Toronto's condo market looks to be out of control [View all]
Just visited Toronto for fun and, apart from having a wonderful time in your beautiful city (including some really fortunate weather yesterday afternoon), I couldn't help but notice how much residential building was going on. One pricey glass box after another. Things look really overheated; the tell for me was we were traveling by car north out of the city and even neighborhoods way out of the center are getting the full-on branded condo treatment. Then you have the glass boxes closer to town sitting on top of some real marginal patches that won't be gentrified anytime soon; just too much ground to cover.
A little research suggests it was a no-shit-Sherlock moment for me:
http://www.torontocondobubble.com/
Seems to be a giant waste in the making. Dumb money that keeps doubling down until a hole gets blown in the sky. I would love to be wrong.
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