Canadian housing prices rose by 33 percent from March 2020 to November 2021, according to CREA. Conservative finance critic Pierre Poilievre said that Canada's housing bubble is set to burst if the government does not make changes to its policy.
A report released by Generation Squeeze called on Statistics Canada to change the way it calculates inflation, by including housing prices.
Generation Squeeze said rising home prices create wealth windfalls for some, but create un-affordability for others. Change in how housing prices are calculated could help policymakers improve affordability.
By: Sarah Colucci
Senior Mortgage Agent, Lic. M14000929
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Sarah A. Colucci, Mortgage Agent Lic. M14000929
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