This is not true. According to the Toronto Real Estate Board, the first half of June saw 4308 transactions, exceeding the 3977 transactions recorded in June 2004 by 8 percent.
One thing to note: June 2004 was the best month ever in TREB's 90-year history. This means June 2005 will almost certainly set a new record as the best month ever.
One the other side, new housing starts declined 3.5% for the first 5 months of 2005 than 2004. This might be a sign that the real estate market boom might have come to an end.
The question is: will the housing prices go down sharply, or they will just remain stable for several years?
How do you know? I want to buy a house, and am waiting for '房地产这个大泡泡破灭的那一天', but I am not quite sure that the big bubble will explode anytime soon.
:rolleyes: :rolleyes: