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Tackling Toronto's tearaway property prices through taxes

Home prices in Toronto have become divorced from fundamentals and there are signs that some form of speculative demand has taken over, says Bank of Canada governor Stephen Poloz.


BANK of Canada governor Stephen Poloz said on Saturday that he is happy Ontario has brought in new measures to tackle the Toronto housing market, saying a foreign buyers' tax should help dampen demand and impact the psychology of speculators.

"I'm happy that there are...

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