Housing policy is being created for the whole country based on markets in Toronto and Vancouver
They are Canada’s two hottest housing markets, and even some in the real industry don’t question the need to cool prices in both Toronto and Vancouver, but that opinion changes once you get beyond the orbit of those two cities.
They are Canada’s two hottest housing markets, and even some in the real industry don’t question the need to cool prices in both Toronto and Vancouver, but that opinion changes once you get beyond the orbit of those two cities.
There is a sense of surprise and confusion amongst different areas in Canada, such as Halifax, Edmonton and Montreal to name a few. Surprise and confusion where Canadians are wondering about this "overheated housing market" the Government is talking about, because it is not happening in their jurisdiction.
DBRS Inc., released a report this week detailing that housing prices across the country are almost flat once you exclude British Colombia (Vancouver) and Ontario (Toronto), who's cities are the main concern when it comes to fears of a out of control housing market.
Donna Moore, chief executive of the Alberta Home Builder's Association, would like the government to consider different areas of the country on their own when it comes to policy. This is a thought that is shared across Canada's many regions, including the chief executive of the Nova Scotia Home Builder's Association, Sherry Donovan.