Property News · August 15, 2017

Toronto has more homes to meet demand, despite rising prices


When it comes to Toronto’s runaway housing prices, the most important question remains the extent to which speculation is driving demand.
Ideally, fundamentals such as demographics and employment are at play, and the price gains reflect natural household growth getting ahead of supply. If that’s true, the market should eventually stabilise once new supply kicks in.
A situation where speculators are bidding up prices would be much more problematic.
Canada’s 2016 census, which…

Source : South China Morning Post
Read more…Toronto has more homes to meet demand, despite rising prices

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