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Toronto picked as UBS’s bubbliest housing market as prices drop - BNN Bloomberg

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Toronto’s housing market is looking like the world’s biggest real estate bubble, with Frankfurt not far behind in a UBS Group AG study of cities with the greatest potential for home-price declines in the coming months.

Canada’s financial capital rose to the top position in the Swiss bank’s annual ranking of real estate markets most in danger of correcting. Cities from Amsterdam to Tokyo also saw their risk levels increase, according to a report released Wednesday.

“We are witnessing the global owner-occupied housing boom finally under pressure,” the bank wrote in its report. “In a majority of the highly-valued cities, significant price corrections are to be expected in the coming quarters.”

 

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UBS really?

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JohnTory you have failed Toronto bucko.

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Toronto's real estate market will stay hot as long as JustinTrudeau keeps the immigration doors wide open!

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