Toronto House Price Index
Index level: 104.68
Change year/year: -6.78%
Toronto prices are hitting 2006-2007 levels. This isn't as bad as the U.S. 2003 levels.
Needless to say, prices are dropping and this bodes well for a prospective home buyer such as myself. However, look at the trajectory. It's steep. It could be a year or two before things level off.
Renting sucks, but so does buying a home that drops in value the day you move in...especially at that rate.
We will bide our time.
__________________
Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
Last edited by Baraka_Guru; 05-30-2009 at 03:06 PM..
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