MisterF
Senior Member
I find this whole debate really interesting. People have been predicting the imminent crash of the condo market, and to a lesser extent the real estate market as a whole, for 5 years or more. It's a bubble, we were all told. It's going to pop and take the wider economy down with it. And yet it's just the opposite that's happened. Toronto's real estate market has proven to be remarkably resilient - it took a worldwide recession and months of financial turmoil to bring prices down. If this is the end of a cycle, it's in spite of a healthy real estate market, not because of a real estate bubble.