Pursuits
Nobody Agrees on How to Curb Toronto’s Runaway Home Prices
- Debate goes public as Canada, Ontario ministers trade letters
- Gluskin’s Rosenberg’s suggests looking at foreign buyer tax
Toronto Home Prices Soars in March
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Most policy makers agree Toronto’s booming housing market is a problem. They just can’t agree on what to do about it.
After the Toronto Real Estate Board reported Wednesday that average prices surged 33 percent in March, David Rosenberg, the chief economist at Gluskin Sheff & Associates who forecast the U.S. housing crash, summed it up this way: “This is a bubble of historic proportions.”