Toronto real estate plummeting …

by Philip Preville in Toronto Life:

Attention, homeowners: the starting gun for the Great Real Estate Meltdown of 2008 has now been sounded. It actually went off about a month ago, though you may not have noticed, since it was sounded in dulcet tones, with a prediction that home sales would “drop slightly.” So much for that: sales in March are down 22 per cent over last year.

There are three preferred theories for the drop in sales. Here they are, ranked by the degree to which they are made of wishful fantasy.

See article in Toronto Life »