Nobu Ignores Toronto Housing Bubble Drama With New Condo Project
- De Niro-backed hotel speaks to Toronto’s ‘world class’ status
- Policy makers to announce measures to tame city’s price surge
Toronto
Photographer: Brent Lewin/BloombergNobu isn’t worried about a Toronto housing bubble.
The company best known for high-end sushi and celebrity cachet is poised to enter the frothy residential real estate business in Canada’s largest city just as a growing chorus of economists warn that soaring home prices aren’t sustainable and a crash looms. Policy makers are expected to announce new measures Thursday to cool the market, including a tax on non-resident speculators.