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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