Why Toronto (and Other Cities) Inflate Housing Bubbles to the Bitter End

Why Toronto (and Other Cities) Inflate Housing Bubbles to the Bitter End

wolfstreet.com / by Wolf Richter / Feb 20, 2017

To delay falling into a fiscal and financial sinkhole.

“Let’s drop the pretense. The Toronto housing market and the many cities surrounding it are in a housing bubble,” Bank of Montreal (BMO) Chief Economist Doug Porter told clients in a note last week.

Many

February 20, 2017 at 04:40PM