Soaring house prices stoke fears of Canada ‘cost of living crisis’
Lawmakers under pressure to act as low supply pushes home ownership beyond reach of younger Canadians.
Trying to decide whether Canada’s real estate market has peaked has long been a national pastime. And, last year, even the country’s housing agency gave a steer: it warned that a Covid-led correction was imminent and prices could fall by as much as 18 per cent.
Article Written By: Joshua Oliver
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Link to Original Article: https://www.ft.com/content/77e2ec21-f823-4291-9cb6-e992c1ad69e6