[quote user=electricianhoward]Thanks Thomas for sharing your insight.
As an investor in Toronto, I have same feeling.
Let's try to use facts. not feelings.
Fact is house prices in some pockets of GTA along transit lines or within desirable areas in greenbelt show no signs of weakening, but some other areas are overbuilt and will drop.
Fact is Dalton McGuinty resigned yesterday, and maybe the days of a Liberal government are numbered. If in the next election the conservatives get a majority, or at least far more votes for a more right-of-centre Liberal-led government Ontario will likely see sharp increases in prices due to increased investments and lower unemployment, and a somewhat less skewed landlord-tenant act that is more landlord friendly.
I expect the Canadian $ to continue to strengthen .. to as high as 200 cents US in a decade .. and I also expect interest rates to be low for a long long time, so borrowing at 3-4% with income producing assets at 5-6% yield makes total sense to me in that environment.