Economics
‘Trapped Wealth’ Drives Toronto’s Speculative Real Estate Dilemma
- Supply-shortage argument can’t explain rising condo prices
- Investors driving up values is challenge for policy makers
This article is for subscribers only.
Toronto’s housing boom is unrelenting.
Prices in Canada’s largest city surged more than 20 percent over the past year, the fastest pace in three decades, data released last week show. Some of the city’s neighboring towns are posting even bigger gains.