Toronto's Middle Class Is About To Be Priced Out Of The Condo Market

Saturday Dec 10th, 2016

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TORONTO'S MIDDLE CLASS IS ABOUT TO BE PRICED OUT OF THE CONDO MARKET The federal Liberal government's tighter new mortgage rules seemed to do little to slow Greater Toronto's housing market in November, with the city's average home resale price soaring 22.7% compared to a year earlier.  Single-detached home prices in the city of Toronto jumped by 32.3% in a year, and now average $1.35-million. In the surrounding 905 region, detached homes jumped 25.5% and are now... [read more]

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