View Single Post
  #7  
Old Posted Oct 22, 2023, 7:02 PM
WhipperSnapper's Avatar
WhipperSnapper WhipperSnapper is online now
I am the law!
 
Join Date: Sep 2002
Location: Toronto+
Posts: 22,024
Toronto/Canada is in a bubble that both have typically ranked first or second in the world in the past decade. If you're interested, we've been swapping places with Germany. Price increases are not sustainable without foreign influences for which policies have been proactive in maintaining foreign interest.

It's not evidence that this is sustained growth as predictions on its cyclical end haven't transpires during the last ten years. It's a prediction afterall and as I said policies at all levels have supported its continuation.

It's one of or even the largest driving force of Toronto's economy and the wealth of the economy is the number one determination in elections. In other words, it would have been (past tense ) political suicide to introduce real legislation that would deflate the bubble.

Is there a major market that doesn't need more homes they way things are run now?
Reply With Quote