3 w. ago
Here's how much the average home in Toronto is expected to cost by 2032
Toronto's housing market has been struggling lately, with the golden era — when local real estate was a surefire profitable investment — seemingly far behind us.While sales have fallen flat for many months and prices are hurtling downwards, the latest predictions for the industry still foresee the average home in the city getting more expensive in the coming years, albeit not to the degree that many may have assumed (or, for existing homeowners, hoped).A report on the topic that is making headlines this week comes from Concordia University's John Molson School of Business, researchers from which controversially employed AI to anticipate real estate trends across Canada and, based on those figures, suggest relevant public policy reforms.The analysis starts off by citing a "period of crisis" that it says has dominated the market not just in Toronto, but across Canada, fueled by &qu...
Economics