Why Canadians are losing faith in the housing market

This week on Down to Business, Tsur Somerville, an associate professor at the University of British Columbia’s Sauder School of Business, who researches housing prices, talks about the empirical research on blind auctions, tells us about its impact on housing prices, and what common sense says about the matter.

In the federal budget earlier this month, the Liberals have proposed ending blind bidding for new homes, but the Housing Minister would need to work with his provincial counterparts to do this, since the provinces have authority in this area. Somerville also discussed the lack of faith in the housing market and what could be done to make housing more affordable for more Canadians.Article content

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