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Ontario Finance Minister Charles Sousa plans to announce steps on Thursday to cool the Toronto region’s hot real-estate market, according to a government official from the province.

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If there is a housing bubble in Canada, experts agree, it is in Toronto. The trick is fixing that without laying waste to other markets across the country.





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The measures are intended to improve housing affordability, the official said, asking not to be identified because the plans aren’t yet public. The official didn’t comment on specific measures other than to say they would address supply and demand. Sousa spokeswoman Jessica Martin declined to comment.

Ontario’s premier says a package of housing measures would tackle both the rental and home sales sides of the real estate market.

Speaking today in Ottawa, Kathleen Wynne said it is intended to give people breathing space in the frenzied housing market in the Golden Horseshoe region without unintended consequences in other markets.