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Toronto home sellers pull out as Bank of Montreal warns of housing bubble

Friday, February 17, 2017 - 05:50

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Real estate in Toronto has become so expensive that potential home sellers are pulling out of the market altogether, possibly since they have nowhere cheaper to move to.

Toronto

CONVENTIONAL wisdom suggests that when prices soar for something, so does its supply - except when you are talking about Toronto's housing market.

Real estate in Canada's biggest city has become so expensive that potential home sellers are pulling out of the market

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