The many economic myths contributing to Canada’s housing shortage
Researchers in the United States noticed a strange phenomenon in the early days of the pandemic when house prices and used car prices started to skyrocket.
Researchers in the United States noticed a strange phenomenon in the early days of the pandemic when house prices and used car prices started to skyrocket.
Just over a year ago, a survey conducted by Leger on behalf of the Institute for Canadian Citizenship, suggested 3 out of 10 immigrants in Canada aged 35 and under are considering leaving the country within the next two years.
The pre-pandemic fiscal situation in Canada was a time of calm finance ministers and debt ratios that gave Canadians bragging rights among OECD countries. Post-pandemic? Well, let’s just say it got a little ugly.
“The problem with real estate is that it’s a non-producing asset…There’s no continual compounding economic spinoff from that investment, so once it goes into real estate, that money’s gone.”
Some experts say groupthink has clouded the judgment of central bank governors. Bankers may have learned the wrong lesson from recent downturns, setting the stage for the recent burst of inflation.
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