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Feb

15

Toronto Home Sellers Vanish as BMO Warns of Housing Bubble

By Tony Seruga

Sales to new listings in Toronto rise to record 94% in January
BMO economist Porter says Toronto housing market in bubble

Conventional wisdom suggests that when prices soar for something, so does its supply — except when you are talking about Toronto’s housing market.

Real estate in Canada’s biggest city has become so expensive that potential home sellers are pulling out of the market altogether, possibly since they have nowhere cheaper to move to as the housing boom expands into Toronto’s suburbs and neighboring towns…

Toronto Home Sellers Vanish as BMO Warns of Housing Bubble

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