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Toronto Real Estate -- The Zombies Jump
Source info:
| Author: | Harold Asmis |
|---|---|
| Date: | 2020-08-08 02:34:00 |
| Blog: | Ontario-geofish  |
| URL: | http://ontario-geofish.blogspot.com/2020/08/toronto-real-estate-zombies-jump.html |
Summary:
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.Content analysis:
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