25 Sep Detached housing sales keeping Toronto’s real estate market hot.
Original article via Toronto Storeys. Click here to read.
This summer, Toronto’s so-called real estate bubble was predicted to pop. With the Government of Canada introducing a tax on foreign buyers and the high price-income ratio, residents still lack affordable housing options.
But the bubble hasn’t burst as predicted, instead it continues to move incrementally. This summer’s upward momentum can be attributed to the detached housing sector according to a RE/MAX of Ontario-Atlantic Canada report.