toronto housing bubble

Toronto ranked 2nd biggest housing bubble in the world

If you thought for a second that Toronto's real estate market was approachable, you might need to rethink your ideas. 

Due to low rates and dire supply shortages, Toronto is now ranked the second most overvalued housing market in the world by UBS. The ranking was released as part of the Global Real Estate Bubble Index 2019.

The average cost of a house in Toronto has basically tripled over the past two decades, and new restrictions and regulations have not done much to slow it down. 

Luckily, Toronto is not the only place in Canada with this undesirable title. Vancouver also made the list, coming in at sixth place. 

Here's the rest of the top ten, including Toronto and Vancouver:

  1. Munich
  2. Toronto
  3. Hong Kong
  4. Amsterdam
  5. Frankfurt
  6. Vancouver
  7. Paris
  8. Zurich
  9. London
  10. San Francisco
Lead photo by

George Hornaday


Join the conversation Load comments

Latest in Real Estate

This $1.2 million condo for sale in Vaughan is actually a historic 1861 home

The average price for a home in Toronto has hit just under $1 million

More and more landlords are hiking rents above the yearly limit in Toronto

This Toronto building is offering to pay for your move if you rent a unit

Plan to turn Toronto parking lot into modular housing receives pushback from neighbourhood

Mansion for sale in Richmond Hill has an indoor pool with a retractable roof

27-storey condo in Toronto is set to replace rental apartment units from the 1960s

This is what a luxurious off-grid home looks like in Ontario