Today The Government Will Introduce New Measures To Cool Down The Housing Market

Today the Ontario government is going to unveil a package of measures aimed at cooling the Greater Toronto Area’s red-hot housing market. Premier Kathleen Wynne and Finance Minister Charles Sousa have hinted the measures will take aim at speculators, expedite more supply, tackle rental affordability and look at realtors’ practices regarding bidding wars. The average price of a detached home in Toronto rose to $1.2-million dollars last month, up 33.4 per cent from a year ago, but Wynne says the issue extends well beyond the city of Toronto.

Photo Credit: Craig Robertson РToronto Sun via Financial Post


Posted in News, Scott Fox