Toronto real estate has once again assumed its natural position as one of the biggest bubbles in the world, according to a Swiss banking giant. UBS released its 2024 Global Bubble Index, an annual scorecard of the riskiest real estate markets in the world. Toronto climbed into 5th place, but managed to lower its risk score after seeing improvements in 3 out of 5 subindexes. A look at the methodology reveals Toronto didn't see improvements in these areas, but Canada's full embrace of frothy home values is breaking traditional bubble risk indicators.  

Toronto Real Estate Rises To 5th On Global Bubble Risk List

Toronto real estate remains one of the  highest risk cities for a bubble. It managed to land the 5th spot on the bank's annual list, advancing two from last year. UBS labeled it "elevated" risk for a bubble, the second highest warning they issue.