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  1. Sep 22, 2023 · 01:53 PM. Rising interest rates and soaring inflation have helped to quell Toronto’s risk of a housing bubble, but the city’s real estate market remains woefully overvalued. Toronto placed seventh on the newly released UBS Global Real Estate Bubble Index 2023, with a score of 1.21. The annual index scores the housing markets of 25 select ...

  2. 4 days ago · Ontario carjacking task force recover more than 170 stolen vehicles valued at $10 million, hundreds arrested The Toronto Police Service (TPS), Ontario Provincial Police (OPP), and other GTA police services detailed an extensive auto theft investigation that has resulted in hundreds of arrests and more than 170...

  3. Nov 22, 2023 · For instance, the average Toronto home in 2021 was $1,095,175, while the median household income was $84,000, which equates to a price-to-income ratio of 13. To put that in perspective, the price ...

  4. Aug 30, 2023 · An analyst who describes Canada as sitting on one of " the largest housing bubbles of all time" warns that if it bursts, the country could be thrown into a deeper recession than forecasted. "I ...

  5. Oct 14, 2021 · Nay. "Over the last ten years, in Toronto the real price level has almost doubled amid strong population growth and falling mortgage rates," reads the Swiss wealth management firm's recently ...

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  6. Aug 22, 2023 · The level of debt that Canadians have taken on in comparison to their incomes has put many in a precarious position should mortgage rates continue to rise — which is likely, Phillip Colmar, partner at Global Strategist at MRB Partners, told BNN Bloomberg in an interview on Tuesday. “Canada is probably sitting on the largest housing bubble ...

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  8. Oct 22, 2022 · Business. For Subscribers Business. Toronto’s real estate market will crash 30% or more by the spring, economists say. How bad will it be? The biggest housing bubble in the world is popping and ...

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