I guess it’s Canada’s turn to have a housing market collapse


It looks like Mark Carney has picked the perfect time to exit Canada and become head of the Bank of England…

Toronto is awash in real estate. There were 144 skyscrapers under construction in late February, more than in any other city in the world, according to SkyscraperPage.com. Proposals for new condos reached 253,768 units at the end of the fourth quarter, up 10 percent from a year earlier, Toronto-based research firm Urbanation Inc. says. Four luxury hotels, each featuring condos, have opened in the past two years.


Source: Bloomberg Markets Magazine