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2017-04-11 — www.bnn.ca
Despite lofty valuations in the Toronto and Vancouver housing markets, 54 per cent of respondents to the CIBC poll say housing prices will rise indefinitely, while only 40 per cent think prices will decline over the course of the next five years.
David Madani, senior Canadian economist at Capital Economics, thinks the unbridled optimism is just one more sign the Toronto housing market is in bubble territory.
...
Of those in the younger generation who are already in the housing market, more than four of every five plan to sell, with 63 per cent complaining the mortgage and housing costs are making them cash-poor.
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