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Tag Archives: Toronto Housing

Bank of Canada Says Toronto Housing Boom Likely Unsustainable

Bank of Canada Says Toronto Housing Boom Likely Unsustainable

Toronto homebuyers should not expect the frantic pace and blistering prices of the housing market to continue, warns the head of the Bank of Canada. “Prospective homebuyers and their lenders should not extrapolate recent real estate performance into the future when contemplating a transaction,” Stephen Poloz said Thursday with the release of the bank’s semi-annual financial system review. It was ...

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