This rebound is here to stay and price points have a long way to go up
From a long term perspective, 10 - 15 years and longer, you are absolutely right. Prices here are quite depressed compared to global cities of the same size and stature. Many smaller global cities have prices much higher than Toronto...
Many smaller global cities have prices much higher than Toronto
Well, look at the statistics and numbers that speak louder than words or guesses, alot of people have listened to negativity for years and have missed out on the biggest waves up I have seen in years. Trump fell many times, but successful people learn from each fall, they never give up after the first fall and they never have a stop sign in front of them before their first move. Its a risk, I am glad I was not holding the bag on this wave up.
While I would also certainly take that article with a grain of salt (well, many)... I think the people who really deserve to be laughed at are the ones who expected the sky to fall and prices to drop back to $300/sqft etc etc.Thanks for that report CondoGeorge. Lots of good reasons to laugh there.