Experts say that Toronto's housing market is in for a way bigger downfall than expected

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Experts say that Toronto's housing market is in for a way bigger downfall than expected Toronto TorontoRealEstate RealEstate

, stating that"the economic landscape is rapidly becoming less hospitable for Canada’s housing market" due to unstoppable inflation and rising interest rates.

This would mean a 42 per cent fall from record-high activity levels and the biggest drop of any of the last four market downturns.

 

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TorMrktBubble Airbnb collapse too - most likely ;-)

TorMrktBubble You don’t need to be an expert.Bubble was crystal clear.

Will be interesting to see. I think it's more the burbs that will get hammered.

🤞we're all hoping but never happened

Everyone saying 'no way with immigrantion' should realize when unemployment rises the government can't increase immigration.

Those who bought at the peak are suffering

Not with Canada's insane immigration levels. 500,000 per year. New demand far outweighs new permits. Handout to the Organized Criminals who own most Canadian RE Developers. Population Replacement 🤡🤡🤡🤡🤡

Sea shells are on the rise, y’all! 🐚

Fingers crossed for 2008 US downfall

Lol yeah right they been saying that for 20 years.. goes down like 10% then up up up - 1 place people immigrate to

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