According to the Swiss Bank, Toronto has the 3rd largest housing bubble in the world, beating out Vancouver, New York, Hong Kong and San Francisco. Placing 3rd in the Bank's score of world cities, only Munich and Frankfurt scored higher. This is the third year for Toronto to be in a housing bubble. The current high prices combined with the strong Canadian dollar could cause problems once the pandemic restrictions are lifted.
If a bubble bursting isn't in your plans and you are considering your options, contact us to see how we can help!