Ontario housing measures expected to have shortlived impact experts

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Toronto’s runaway real estate market could take a breather due to Ontario’s new housing measures, but much like what transpired in Vancouver, the impact of the changes is expected to be short-lived, experts say.

Premier Kathleen Wynne announced more than a dozen new initiatives aimed at reining in prices that have soared out of reach for many homebuyers, including a 15 per cent tax on non-resident speculators in the Greater Golden Horseshoe, a fast-growing region that stretches from the Niagara Region to Peterborough, Ont.

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