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2017-08-23 Douglas Porter Douglas Porter Six months ago, Bank of Montreal chief economist Doug Porter said what many were thinking and declared that Toronto has a housing bubble.

Now, Porter has given that bubble its death certificate.

"This is a late bubble. Bereft of life, it rests in peace," he wrote in a client note last week.

To prove his point, Porter published a chart showing home sales in some regions in Toronto retracing all their gains of recent years.