Canada’s two most expensive cities for housing contine to Defy Warnings

Canada’s two most expensive cities for housing continue to defy warnings that their markets are poised to crash.

 

Both Vancouver and Toronto saw sales surge in July, outpacing expectations and further confusing buyers unsure of when the right time is to get in.

Sales in Toronto’s housing market were up 16 per cent in July compared to the same month last year, while Vancouver, already the most expensive city in Canada in which to own a home, saw a surprising 40-per-cent jump.

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