The same market logics that defined the Gilded Age of the early 20th century have quietly returned in our own century, with devastating consequences.
Articles on Canadian house prices
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Since foreign owners only represent a tiny segment of the housing market, it’s unlikely that Canada’s new ban on foreign homebuyers will make homes more affordable for Canadians.
As property values skyrocket, long-term renters — many of whom are elderly — face the very real risk of homelessness.
More housing supply doesn’t mean lower prices. If policy-makers want to make homes more affordable, they must tackle developers who drive up prices and consider taxing capital gains on homes.
Top contributors
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Associate Professor of Real Estate, University of Guelph
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Industry Professor, Department of Health Aging and Society, McMaster University
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PhD Candidate, Department of Sociology, University of Guelph
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Professor and UBC James Taylor Chair in Landscape and Livable Environments., University of British Columbia