Hot money from abroad (China, ME, LatAm) is behind a property bubble in Toronto, writes Diane...

|By:, SA News Editor

Hot money from abroad (China, ME, LatAm) is behind a property bubble in Toronto, writes Diane Francis. There are 3 times more condo high-rises being built in Toronto than NYC, almost 7X more than in Chicago - and this in a "moribund" economy. Kicked out of numerous other countries, this money has hit "Toronto with a vengeance."