Lol, funny coincidence, I just bought a nice 2+1 condo in the Montreal metro area
prices are still very decent around here. and seems likely they will adjust (up) to Toronto prices (much higher).
with the low prices and this being a home and not just an investment, seemed like a pretty safe bet!
btw, to everyone in those crazy priced area, the condo I just bought is built in 1990, 2 bedrooms, a mezzanine with a skylight and a fireplace. About 10 minutes from downtown.
.....
.....
132,500! (down from the 140k asking price)
btw, I was reading the wsj article, and it said in some region, ALL home went for asking price or above..... thats just insane, unheard of around here...