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All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in Toronto: The condo market is headed for a relative slowdown, where can you live for $400,000 and the TDSB lists 60 schools are under review for "under-used" space.
Elsewhere: Calgary's housing market takes a hit due to the price of oil's decline, New York City mayor Bill De Blasio's housing plan faces roadblocks and Britain's housing crisis is muddled by political turmoil.
Toronto condo market likely headed for ‘moderate slowdown’ (The Globe and Mail)
With oil prices falling and Canada’s banks facing downgrades and layoffs, Toronto’s condo market is likely headed for “a moderate slowdown,” said condo research firm Urbanation.
Condo market bounces back across GTA after 2013 slump (Toronto Star)
“After taking a break in 2013, new condo buyers were enticed back into the market as pricing and incentives became more competitive across a greater selection of available units,” said Shaun Hildebrand, Urbanation’s senior vice president, in a statement.
As many as nine schools — which include Vaughan Road Academy, Downsview Secondary School, Fairbank Public School and Keelesdale Jr. Public School — could eventually be closed, board officials said. The full list appears below.