Toronto home owners and would-be residents, watch out: rates of houses in your province can increase by 100 percent or double within 25 years.
This is the assessment made by the Central 1 Credit Union which published a study cited in Which Mortgage Canada. At the same time, it said that the rapidly rising condo market in Toronto will peak and fall slightly, an effect triggered by lessening market demand.
The study allayed fears of an economy-damaging bubble burst similar to what had happened in the US a few years ago.
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