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.
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.