Living
The Housing Boom That Never Ends Already Wiped Out All the Short-Sellers
Real estate dominates Canada’s economy to an alarming degree.
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In December, Aaron Moore bought an unremarkable three-bedroom house in the Toronto suburb of Brampton and, after throwing on a fresh coat of paint and laying down new hardwood floors, put it right back on the market.
In March, he found a buyer. The price tag: C$810,000 (about $649,000), a stunning 28% more than he had just paid.