Homes prices in “a perfect storm” of upward pressures

An executive of one of the country’s largest home builder says Toronto is experiencing a “perfect storm” of price increases. And billionaire investor Stephen Jarislowsky of Montreal says the housing market in Toronto “is definitely something that’s going to come down, and come down with a bang. Not enough is being done in order to control it. This is just an accident [waiting] to happen.”

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