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Toronto housing posts record year in 2016 amid supply shortage

Canada's housing boom is at once a key engine of growth and a source of intense worry.


LAST year was a record year of double-digit gains for Toronto's housing market. Supply tightened and the cost of an average home shot past C$700,000 (S$756,780) for the first time.

Sales figures released on Thursday by the Toronto Real Estate Board showed that the city's...