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Most excellent article.Lower house prices are a wonderful thing.
“I don’t want to alarm anybody, but this is happening as we speak,” said Parkdale realtor Carol Mert. “If we can’t pull out of this tailspin three, even four million people could suddenly find themselves with a roof over their heads.”
“The situation is that dire.”
House scientists say that Ontario must jack the housing market back up within the next week if this calamity is to be avoided. Recommendations ranged from rescinding the foreign buyers tax to burning down 20% of the homes in the GTA, but if something isn’t done soon Toronto will be looking at a city full of homeowners."