Toronto housing market now hotter than Vancouver
Toronto's real estate market isn't cooling down any time soon, unlike the weather outside. According to the Teranet-National Bank Composite House Price Index, housing prices in the city have gone up for the tenth month in a row.
That's in contrast to Vancouver, where prices have gone down for the second month in a row after 21 consecutive months of price increases, notes CBC News. Home sales have dipped 43 per cent in Vancouver, but year over year, prices are still up more than 19 per cent.
As Business Insider notes, a senior economist at Capital Economics says it looks like Vancouver's housing bubble has burst.
In Toronto, prices are continuing to climb. They're up more than 18 per cent year over year. CBC News reports that in comparison, only Hamilton saw bigger real estate-related prices increases.
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