Home Prices in Drum-Tight Toronto Surge by Most on Record

The video discusses the ongoing housing boom in Toronto and its surrounding areas, highlighting concerns about speculation and price gains. Key figures, including Ontario's Finance Minister Charles Souza and Toronto Mayor John Tory, are considering measures to address these issues. The discussion includes potential solutions like taxes on vacant homes and foreign buyers, similar to those implemented in Vancouver. The government is aware of the problem's urgency, with a budget expected soon. The spillover effect is evident as people move further from Toronto to find affordable housing.

What specific actions did Vancouver take last year to cool down its housing market?

What is the significance of the upcoming budget mentioned in the context of housing measures?