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by Stratigraphy.net
New from Snet: Lithologs, a new tool to create lithological/sedimentological logs online..

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Toronto Real Estate -- The Zombies Jump

 A very thin market has allowed a big jump.This is a zombie market, held up by the fact that the gov't and banks will not allow it to fail.  The banks have millions in arrears, but, what the heck?  Anyway, a medium 3 bedroom house near us sold for way over 1.3 mill.  These are peak prices.  I used to wonder how long people could hold out.  The real question now is how long the banks can hold out.

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