>> Seems to get swept under the rug. But Toronto's 'bubble' is not inside a bubble. I live in Markham (suburb bordering the north end of Toronto) -- houses her

>> Seems to get swept under the rug. But Toronto's 'bubble' is not inside a bubble. I live in Markham (suburb bordering the north end of Toronto) -- houses here get sold over asking within days of the listing, and most of the houses in my area are actually occupied by the owners. The demand appears to be real. Any time a house in my area has an open house, there are piles of cars on the street. I've seen home prices in my neighborhood triple in the 12 years I've been here, and houses here are more expensive than a lot of areas inside the 416. Our property taxes are also generally higher than Toronto.