Why top-down approach to cool Toronto housing is an uphill battle
Market's puzzling dynamics and weak economic fundamentals set to stymie PM Trudeau's push for a fix
Mon, Oct 09, 2017 - 5:50 AM
Toronto home prices are already declining by the most since 2000 after the provincial government introduced a foreign buyer tax in April.
CANADIAN Prime Minister Justin Trudeau's Liberal government has been under pressure to rein in runaway home prices, but a study by the national housing agency suggests that he will struggle to exert control over the real estate market in the country's largest city.