Mortgage changes make for great headlines but it's pretty obvious that the government of Canada doesn't care about real estate prices.
In this week's Rock Star Minute we discuss using Exhibit A, Exhibit B, and Exhibit C...
Sources:
The Star: GTA population growth topped Canadian and American cities in 2019
Canadian Centre for Economic Analysis, Canadian Urban Institute - Toronto Housing Market Analysis
Journal of Commerce - History of Housing Starts in 10 Canadian Cities – Toronto a Colossus
Ontario Ministry of Finance - Ontario Population Projections, 2018–2046
Central Bank Rates - Central Bank Rates
Bank of Canada - Measurement Bias in the Canadian Consumer Price Index: An Update
The Power of Helicopter Money Revisited: A New Keynesian Perspective
The National Post - Canada's fiscal snapshot predicts $343 billion deficit as Liberals offer little intention to curb spending