Quote:
Originally Posted by M3776
Buy a house. The market isn't quite done yet however, my cousin is a Realtor in Toronto and has been telling me the condo market there is still hot.
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All major banks in Canada have come out to say that Canada's housing bubble is going to begin bursting this year. Canada has been in a 14 year housing bubble and Toronto and Vancouver have been the worst in terms of how far up prices have gone. Condominium speculative developments have played a large part. They are overvalued somewhere in the 30-70% region, depending upon the condo. I would not invest in Canadian real estate. Not now.