If new housing supply can adequately respond to spillovers in demand, there’s no reason for bidding wars in middle-class neighbourhoods.
Other Topics
Already, Montreal taxpayers see 13 per cent of their city’s operating budget go to fund pensions.
In 2014, savings in non-pension assets totalled $9.5 trillion, dwarfing the $3.3 trillion assets in the formal pension system.
The Bank of Canada and other central banks around the world have artificially lowered interest rates, making investment and risk-taking much cheaper.
Canadians are clearly not convinced that Ottawa engaged in responsible resettlement during refugee crisis.
Intergenerational income mobility is much higher for children of parents with lower levels of income.
Higher home prices are strongly associated with restrictive land-use regulations.
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