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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

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.


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