Everything is ok with Toronto home pricesWhy not look at the facts.
According to MLS stats for Toronto, for the month of February 2018;
-home prices up 8 % in February, over month of January
-home prices up 3.9 % in last three months
-home prices up 5.6% over last 12 months
Average listing time, before a sale in Greater Toronto market-- 20 days in February 2018.
This does not sound like a crash to me???
Equitables bad debt reserve is 33 million. That is over four times actual losses.
How do you even get a loss when the amount of the mortgage is less than half the current value of the home ( March 2018 ) Equity is greater than the mortgage, due to the significant price increases seen in the last five years. Should they just make up extra reserves to reduce earnings based on no data, other than short sellers dreams that Canada's real estate market is crashing??
Isn't it better to go by the actual sales information than made up stories or one example of some idiot listing their house at 50% more than its worth?
The sky is not falling.