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TopicToronto Houses Are Losing Value At A Rate Of $100,000 A Month
FLUFFYGERM
09/28/17 8:06:04 PM
#12:


K181 posted...
FLUFFYGERM posted...
K181 posted...
An average single-family home in the city of Toronto went for $1.191 million in August, the city's real estate board reported Wednesday


I think they'll be fine.


$400,000 decreases in a matter of months means the bubble is popping


Yup, and that'll screw over the people looking to flip (HGTV) and folks with just bad timing, but longterm owners will be fine as the market will recover and rebound over the span of years.


i'm sure everyone thought the same thing in 2007
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