patrick
New Member
Toronto's economy is pretty diverse. Some people mentioned the collapse of the British and American financial sectors affecting real estate prices in New York and London. Although the financial sector isn't as prevalent in Toronto, the Canadian banks headquartered here are doing quite well. Some people here also fear that interest rate increases in the coming years will negatively affect real estate prices. I too believe interest rates will increase, but this will be hand in hand with rising inflation. Real estate is generally considered safe from inflation.