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24

Toronto’s Home-Price Gains Are Rippling Toward Niagara Falls

By Tony Seruga

Toronto’s housing boom is fueling price gains in markets as far away as the Niagara region, better known for its waterfall and wine.

Towns including St. Catharines, more than 100 kilometers (62 miles) south of Toronto, and Barrie, about 100 kilometers north, are showing a “stronger price growth relationship” to the country’s largest city, Canada Mortgage & Housing Corp. said Tuesday. The agency used high, medium and low correlation labels in analyzing the effect of Toronto’s boom on surrounding markets…

Toronto’s Home-Price Gains Are Rippling Toward Niagara Falls

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