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Not even the 1% can afford a house in Toronto Add to ...

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A roundup of what The Globe and Mail’s market strategist Scott Barlow is reading this morning on the Web

Economists from the major Canadian banks were, on the whole, non-plussed by rising home prices until mid-2016 but this stance has changed dramatically in recent months. Wednesday, Bank of Montreal’s Doug Porter walked readers through a hypothetical example of a Canadian household with income close to the top national percentile, and even they couldn’t afford a house in Toronto,

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