Fear of a National Housing Bubble Ignores Local Realities
Written by SRA Economist, Chris Gbekobu Last week, BNN Bloomberg released an interview with David Rosenberg where he suggested that the current Canadian real estate market “[may] be one of the biggest bubbles of all time”. Citing rising housing prices with little to no income growth and an increased unemployment rate due to COVID, Rosenberg feels that the recent run-up in housing prices has been pushed beyond sustainable levels. There are two...
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