Fairfax's Watsa Warns Toronto Real Estate Bubble Will Burst – Bloomberg


Bloomberg

Fairfax's Watsa Warns Toronto Real Estate Bubble Will Burst
Bloomberg
Prem Watsa, head of Canadian investment firm Fairfax Financial Holdings Inc., said the Toronto property market is in a bubble that will end with pain for banks that financed the growth. "Most banks can't survive a 50 percent drop in real estate values

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