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Are There Plans To Cool Canada’s Red-Hot Housing Market?

Source: Don Pittis, cbc.ca, March 10, 2021

Unlike Canada, New Zealand policy-makers have decided to try to bring the market back to reality.

The idea that Canadian residential real estate prices are rising at an unsustainable pace is no longer just a subject for Twitter rants and COVID-era chats with family. The international media are paying attention.

The New York Times described “a soon-to-burst real estate bubble.” Reuters declared “Canada’s red-hot housing market has become a bonfire.”

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