Finance Minister Jim Flaherty and Bank of Canada governor Mark Carney
have expressed a concern about the growing amount of Toronto condo home purchasing that’s been happening over the last couple of years. And perhaps an
even bigger concern – the amount of development that’s still going on.
All of this, and at a time when the Toronto housing market is said to be
facing a cool-down, and it’s easy to see why this marketplace in
particular has caused so much concern.