It’s time for the housing market to evolve

Housing Minister Ahmed Hussen, pictured at a Liberal caucus meeting in West Block on Feb. 2. With interest rates all but guaranteed to rise in the coming months, the affordability gap is set to widen⁠—making the path to homeownership even more unattainable, writes Daniel Dubois.For the second year in a row, the Canadian housing market continued its record-breaking rise in price growth and home value.

According to the Canadian Real Estate Association’s home price index, which adjusts for pricing volatility, the typical price of a home rose 26.6 per cent in December compared to the previous year, hitting a new high of $811,700. In urban cities like Toronto, that number has scaled to over $1-million. For many young Canadians, these astronomical prices make homeownership an impossible goal. Enjoy unlimited website access and the digital newspaper.

Government regulations destroy the housing market

Begin with the TrudeauHousesWillBuildThemselvesPM end in mind. Visit

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The real problem behind Canada's out-of-control housing marketThis week, as part of a special series for first-time homebuyers, DowntoBusiness takes a look at what’s happened in the residential real estate market over the last 50 years — via financialpost podcast housingmarket Economy financialpost Question - where are first time buyers getting the money to buy into the hyper-expensive homes? financialpost I have a guess what have contributed! His name is Junior and he and his party incompetency is for sure to be blamed!
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