Thursday, May 6, 2021

RUNAWAY HOUSING PRICES

 If you are curious about why many Canadian housing analysts are despairing over the way politicians are doing virtually nothing to rein in the country’s runaway housing prices, the answer is concealed in the dictums of global capitalism.

Even while some global analysts are noting that house prices are soaring faster in Canada than any other developed country — an average of 25 per cent since February of 2019 — the industry is generally enjoying COVID’s unexpected firing up of the market.

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