| Toronto’s overheated real estate market is expected to cool through the fall and winter, which should ease bidding wars and lead to more moderate price increases into 2012, says a CMHC housing market outlook released Wednesday.
Affordability is becoming such a concern, especially in overheated markets like Toronto, that the report predicts higher demand for rental apartments and condos by aspiring first-time buyers who are finding themselves priced out of the market..............................................Full Article: Source
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