With the Greater Toronto Area in the throes of a cold and dark winter of epic proportions, Post City Magazines gathered some of the city's leading real estate and economics experts for our seventh annual Real Estate Roundtable to talk about the red-hot market.
The question on everyone's mind? Will this spring bring a price correction, or will Toronto homes continue to be snapped up in short order with prices and debt load continuing to rise?
Long-time roundtable participant—and noted doomsayer—Garth Turner was absent, leaving the group without its go-to "bear." Back for another session were Sherry Cooper, former BMO chief economist; condo king Brad Lamb; Paul Miklas of Valleymede Homes; Harry Stinson, legendary developer and president of Stinson Properties; Mike Eppel, Sr. Business Editor at 680News; Mathew Rosenblatt, developer of the Distillery District; and Eve Lewis, founder of Urbanation Canada. Two of the city's top real estate agents/brokers also returned: Barry Cohen of RE/MAX Realtron Realty Inc. and Elise Kalles of Harvey Kalles Real Estate Ltd.
The conversation ranged from the coming condominium crunch at Yonge and Eglinton, to the $5 million price tag for a building lot on the Bridle Path, and everything in between.
You can read the full story here.