Toronto Home Prices Soars in March

The video discusses the significant rise in Toronto's real estate prices, with a 33% increase from last year, the highest in decades. Experts Eric Hertzberg and David Scanlon analyze the data, highlighting historical trends and current market dynamics, including supply and demand factors. The discussion also covers potential policy responses, such as taxes on foreign buyers and vacant homes, drawing comparisons with Vancouver's market. Mayor John Tory's cautious approach to policy changes is also examined.

What was the percentage increase in the average sale price from last year?

What historical event is referenced regarding price gains in the housing market?

What is the average year-over-year price gain historically in Toronto?

What is identified as the main reason for the extreme price increases in Toronto's real estate market?

What does the term 'sellers paralysis' refer to in the context of the real estate market?

What concerns does Mayor John Tory express regarding the real estate market?

What potential policy actions are being considered to address the rising prices in Toronto?