I’ve been reading the posts on this forum for several months now, and have been saving to buy a home here couple of years from now. Thanks for the keeping guys like me informed about the situation here in San Diego.
A family member of mine owns a home in Toronto Canada, and is looking to upgrade to a bigger home. I know here in San Diego (and in US in general) it’s best to wait atleast 1-2 more years before even considering buying a place. However I am unclear about the situation up there north of the border.
He says that the news paper has reported a pricing gain in the mid single digits for the last 4-5 years. It’s not crazy growth but it’s been called a hot market for the last few years.
Do any of you guys know of a forum similar to piggington that attempts to have unbiased analysis on the Toronto housing market?
I’ve been searching for one and so far have unable to find one -> is it a sign that there’s no bubble up there in Toronto?
If there’s no similar forum. Is the price to rent ratio still the best guage of the housing market health?
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