This needs to be reassessed in terms of context. If we are talking about certain west end neighbourhoods, they never really got involved too much in the bidding war era. If we are talking only recently, then yes they have dropped in numbers. However a great property well-priced or under-priced is still going way over asking!

This is a forecast for the U.S.A., but what happens there often happens here.

Several commentaries suggest that the attendent flood back into the market of properties that had been made available for AirBnB only could cause a rapid decline in values & prices in Toronto real estate. Perhaps this landmark legislation was too narrow focussed in it's intent!

Good...the real estate industry has only been asking for this (and other changes still not enacted in this legislation) for many, many years. Let's hope it passes.

Watching the MLS these days has been quite astonishing. The price creep that has occurred in Toronto is almost hard to believe. Is it sustainable? And where is all this money coming from?

Good God, let's hope now! See also the CMHC research and press release from earlier this month that says the exact opposite of what the IMF is suggesting.

Are we really surprised.

Here is the actual IMF report directly for your review & consideration. Who is correct: CMHC or IMF?

Here is the CMHC report directly for your review & consideration. Who is correct: CMHC or IMF?

Here is the press release from CMHC.

A lot...but hasn't it always cost a lot for the working classes?