Bankers sell Toronto mansions amid warnings of overheating

Two of Canada’s banking chiefs have listed their mansions in Toronto, as warnings of overheating in the city gather pace.

The Huffington Post reports that Scotiabank CEO Brian Porter and BMO’s COO Frank Techar have listed homes in Toronto, possibly considering prices to be near the top of the market.

Porter’s luxury townhouse, a converted church in Rosedale, is listed just 6 months after he bought it for $3.56 million – he’s asking $3.95 million.

Techar’s listing is a 6-bedroom, 9-bathroom Rosedale mansion built in 1898. He is asking $11.7 million according to realtor Elli Davis.
 

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