Some view the existence of McMansions as categorically bad architecture, but, whether deemed tasteful or not in the eye of the beholder, they will likely be the hardest hit if the city’s bubble bursts. The verdict comes from Canada Mortgage and Housing Corporation’s deputy chief economist, Aled ab Iorwerth, who told the Financial Times, that detached, well-located homes are already seeing pricing drops due to a string of cooling measures banks and government has introduced […]
source https://therealdeal.com/2018/03/18/the-first-victim-if-torontos-housing-market-corrects-mcmansions/
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