TO Real Estate Bubble???
Here's a good read about the Toronto Real Estate Market from the Globe and Mail. In a nutshell... things are slowing down but we will not be seeing the drastic drops that the US has seen.
In my opinion this makes sense. We have tighter lending rules and a more regulated housing market. It only makes sense that our property market would never have the peaks and valleys in the short term that you would see in the States!