If you're not living in Toronto, should you care about its housing market? Some economists say yes.

The average price of a detached house in the region hit $1.21 million last month, up 33.4 per cent from a year ago.

TORONTO - Ontario Finance Minister Charles Sousa is giving strong hints that the government's much-anticipated house affordability package will include measures targeting real estate speculators, or as he calls them "property scalpers."