Real Estate Bubble Search Term

Will The Bubble Burst?

There continues to be conflicting reports in the industry as to what this HOT MARKET means in the long run and if we are in for a down turn. I’m not so sure that consumers are focused on this today but there appears to an uptick in searches for this term. I pulled search terms Real Estate Market” in BLUE and ” Real Estate Bubble” in RED from GOOGLE. Here is what it shows.

Real Estate Bubble Search Term

It appears there was a closer correlation between these two phrases in the spring of 2017 versus what is happening this fall. I find this interesting and may directly relate to the Buyer and Seller behaviour which we are seeing! Toronto, who saw a 215% increase in CONDO listings in September, will be most affected by a price correction than any of the suburbs. This certainly may indicate that price decreases are on the way.