Posted on June 3, 2016

Panic buying in residential real estate

From Business News Network (BNN):
The hottest real estate markets in Canada continue to defy gravity with home sales in Toronto last month reaching a record level and prices jumping 16 per cent. Sherry Cooper, Chief Economist, Dominion Lending Centres, has not used the word “bubble” to describe conditions in Toronto or Vancouver, but says there has been some “panic buying and irrational activity” and she is getting worried.

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