Loading ...Three-bedroom-north-toronto-home-just-sold-613000-over-its-asking-price
FGC, what were you thinking? Redeploying those oligarch profits from LUKOY into real estate? LOL https://www.zerohedge.com/markets/three-bedroom-north-toronto-home-just-sold-613000-over-its-asking-price
Insane ! Will the Bubble Pop now that Mortgage rates are rising ?
Absolutely, higher mortgage rates, buyers priced out of the market, more supply as people rush to take advantage of the insane prices, cost of everything else straining budgets etc. The top is in and it’s down and out from here.
I think it is forgeign buyers pushing it up mixed with peeps selling bonds and into hard assets. Higher rates make potential buyers to finally get off of the pot. Shit load of boomers have made 10 fold profit from the stock market and now they are cashing out . Commodity boom is supplying the new jobs along side the ‘green’ push. Any expansion requires high paying engineers ( structural. civil, environmental,…. ) plus manual labour is in high demand with high pay as the younger generation was taught to sit in front of the screen to make a living and getting your hands dirty was beneath them. Hard assets John Deere is on the move.