Quote:
Originally Posted by jay23
Thinking of moving back to Toronto after 20 years in US. The average price for a home in GTA is 650K, is this a bubble ? or is the price going keep going because of more and more Asians buying.
Jay
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I moved to toronto in 2008. Felt like it was a massive bubble back then. Bought and sold (should have bought and held). Is your purpose for moving to toronto an investment or lifestyle? I bought in london and it's massively overpriced here but it was in the area we wanted to call home so whether it's a bubble or not isn't really relevant.
I imagine in the next 5 years there could be some up and downs. But if you look 20 years from now that average price will be double what it is today.