Recent headlines about these
"real estate bubble cities":
• Toronto:
Prices peaked in early 2017,
and are now down 3% year-over-year.
• Sydney:
Prices down 5%,
and supply is up 22%,
year-over-year.
• Stockholm:
Over a recent 6-month period,
luxury property market prices fell 9%.
• Vancouver:
Over a recent 6-month period,
luxury property market prices fell 7.6%.
• New York City:
Q1 2018 prices were down 8%,
and sales were down 25%,
year-over-year.
Luxury properties fared even worse.
• San Francisco:
A record high price in January
was followed by a rare
spring price decline.
spring price decline.
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