Mar
20
Toronto Home Prices May Jump 25% This Year, TD Says
By-
conomist says signs show ‘speculative forces’ driving market
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Caranci had previously seen 2017 price growth of 10% to 15%
Toronto’s housing market is likely to stay strong for the rest of the year, with home prices jumping as much as 25 percent, amid hints that speculators are fueling demand and posing a potential risk to the economy, TD Economics Chief Economist Beata Caranci said.
A “strong Toronto home-price forecast is not a vote of confidence in market fundamentals,” Caranci wrote Monday in a note to clients. “It’s getting harder to ignore warning signs that market demand pressures are increasingly reflecting speculative forces.”…
Toronto Home Prices May Jump 25% This Year, TD Says
