Toronto Housing Has a Record Year in 2016

The video discusses Toronto's housing market, highlighting a significant price jump reminiscent of the 1989 crash. Concerns are raised about jumbo mortgages and potential impacts on homeowners. Government measures to cool the market are reviewed, with suggestions to look at Vancouver's approach. The video also covers Canadian job market trends, noting a potential decline in jobs but highlighting regional differences, such as Alberta's high unemployment and Quebec's low rate.

What is the main concern for Toronto homeowners with the recent housing market surge?

• Decreasing interest rates

• Jumbo mortgages and rising prices

• Increased property taxes

• Lack of available properties

What measure did the federal government implement to address risky borrowing in Toronto?

• Providing subsidies for first-time buyers

• Lowering interest rates

• Increasing property taxes

• Introducing a higher interest rate test

Which city implemented a tax on foreign buyers to address housing affordability?

• Vancouver

• Montreal

• Calgary

• Toronto

What is the expected change in Canadian job numbers according to the report?

• A significant increase

• A small decline

• A large decline

• No change

Which Canadian province is expected to have the lowest jobless rate?

• Ontario

• British Columbia

• Alberta

• Quebec