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
GabeFriedz It’s been sh$&ty the last 15 years….
GabeFriedz Poll: Should house flippers be criminally charged?
GabeFriedz My take. Canadians are not losing faith in the housing market. In a society where fewer and fewer of us are blessed with company pensions and gold-plated government pensions, Canadians are thankful that home ownership provides a financial security blanket for our old age.
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