Are Toronto Real Estate Prices Really Going to Crash, or do Those Buying High Know Something we don't?

Because of the international paranoia portrayed in the media daily about bankrupt countries, banks, companies, individuals, etc., rising prices of food...

and real estate, it seems everywhere one looks people are living in fear for their entire life savings to be lost in a global catastrophe. Like it or not people follow the fear of the majority around them, especially what the media tells them, and this causes after effects for everyone which specifically in this scenario creates a lack of safety for people to keep their wealth in cash or credit for the foreseeable future due to the threat of entire currencies being devalued. In this scenario it doesn't seem strange anymore to see the value of real estate in areas such as Downtown Toronto continue to increase to unbelievable rarely seen highs, and on a regular basis sell for over the asking price. What may have sold for $200,000 25 years ago may easily sell for $1,200,000 today.

The reason behind the increasing prices seems to be that the smart people know that holding their money in real estate is much safer than holding it in a bank, credit, stocks or bonds in the present financial culture of paranoia and currency devaluation. Like it or not, this paranoia perpetuated daily in the media and from various government leaders will no doubt cause inflation to continue to rise worldwide for a long time. If one has a net worth one wishes to secure in these paranoid times, it seems that even if one must pay a lot of money outright for a mortgage in present day real estate prices, in the long term it is one of the best investments one could have based on inflation continuing to rise which will make cash holdings continue to be devalued, while real estate will always hold a consistently growing high value following inflation, especially in highly desired downtown urban neighborhoods like the Art and Design District of Toronto.

So next time you think you should wait to buy because you think there is going to be a crash in real estate prices, think again, there may be a crash, but it will be in the value of currency itself, which will actually make you have to pay more for real estate in the future in actual dollars, not less. In the long run of course this will make only the rich able to afford the purchase of real estate, as those who held their net worth in cash or credit won't be able to keep up with inflation since cash has no inherit value of itself but is manipulated by the paranoia and corrupt practices of those who wish to turn the world upside down and into a cashless society.

Think differently and wisely if you want to protect yourself and your loved ones from the manipulation of global inflation and the paranoia of everyone around you. No matter what happens in the near future, everyone will still need a place to live, and the cost of living in downtown Toronto will continue to increase.

P.S. Another factor is that Toronto isn't even yet in the top 50 most expensive cities of the world. Beleive it or not according to Mercer Consulting, there are 56 cities of the world that are even more expensive to live in than Toronto. Because of Toronto being one of the most safe and desireable cities to live in the world, it will most likely keep going up and up on that list.