Richard Lautens via Getty Images
Volodymyr Kyrylyuk via Getty Images
Data shows speculators are behind 6% of the city's sales.
bennylin0724 via Flickr
The Liberal Party promised to "undertake a review of escalating home prices in high-priced markets -- like Vancouver and Toronto -- to determine whether speculation is driving up the cost of housing, and survey the policy tools that could keep home ownership within reach for more Canadians." But this may be one of the first promises to fall by the wayside.
In the debate about Toronto’s sky-high condo prices, some observers have expressed concerns that real estate speculators may be driving up prices by buying apartments then immediately “flipping” them...