The only thing that might be colder than Toronto in January is the city’s housing market. Toronto’s housing market has cooled for seven months, with prices falling and listings surging. And just when you think the Canadian housing market is down for the count it tends to find a second wind. Vancouver’s housing market plunged for five months after policymakers introduced a foreign-buyers tax in 2016 but has been recovering steadily since last year. The Toronto Real Estate Board is forecasting sales of 85,000 to 95,000 homes this year, compared to 92,394 last year.

Source: thestar January 30, 2018 16:07 UTC