This somewhat off topic, but I just got back from Toronto last week. Great city. It has been 20 years since I've been up there and a lot has changed.
There are concerns about the development that is going on, but seeing new urban housing going up is refreshing compared with many US cities which effectively have no growth policies.
Based on the number of units that seemed ready to hit the market, I suspect Toronto could see significantly lower housing prices in the future. I just hope it doesn't end in financial ruin for the banks.
I think it good that developers in the city are able to meet the demand rather than ignore it. I'd like to see this level of development happening in US cities. It looks like progress.
There are concerns about the development that is going on, but seeing new urban housing going up is refreshing compared with many US cities which effectively have no growth policies.
Based on the number of units that seemed ready to hit the market, I suspect Toronto could see significantly lower housing prices in the future. I just hope it doesn't end in financial ruin for the banks.