HuffPost Canada closed in 2021 and this site is maintained as an online archive. If you have questions or concerns, please check our FAQ or contact

housing bubble toronto

The average sales price of a home in Canada reached $548,517 in March, up 8.2 per cent in a year.
By the time the public realizes it's a bubble, it's already over.
But Toronto's party is about to end, Ontario's fiscal watchdog warns.
“It will be incredibly tough to attract talented folks ... if they will struggle to buy a home and yet still pay taxes of over 50 per cent."
The last time a bubble burst in Toronto, prices fell for seven years.
"Toronto and any city that is remotely within commuting distance are overheating, and perhaps dangerously so."