The big problem with housing affordability? Real estate is still a valuable asset GlobeBusiness
. At the Housing Innovation Event, Cherise Burda from Ryerson University made this very point, saying that 90 per cent of downtown condos in Toronto are investment vehicles.
But – and here’s the problem – if interest rates are raised, then this will erode the value of housing assets: It’s an intractable policy choice in the current political climate. No one dares to threaten the status quo, which is why we end up with political parties pursuing policies to expand mortgage access even further and simply exacerbating the problem of housing affordability.
Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LifeLabs hack: Data protection 'a big problem for a lot of companies'A proposed $1.13 billion class action lawsuit against medical services company LifeLabs aims to get 'compensation and punish the business,' according to a Toronto lawyer. Ari Singer said data protection is 'big problem for a lot of companies.'
Read more »
The dream of co-ownership? What to consider before sharing a homeAs more Canadians consider co-owning a home with others, a real estate representative shares what they should bear in mind before they enter into an agreement.
Read more »
Kevin Spacey accuser’s estate drops sexual assault lawsuitThe filing had been voluntarily dismissed with prejudice, meaning it cannot be brought back before the court
Read more »
Tories’ ‘made-in-Canada’ recession narrative is only resonating because the Liberals have a lousy scriptTories' 'made-in-Canada' recession narrative is only resonating because the Liberals have a lousy script
Read more »
Globe Advisor’s Best of 2019: Top 10 stories on ETF investingETFs still pale in comparison to mutual funds when it comes to total client assets, but they’re quickly gaining ground
Read more »
Opinion: Modi’s project to make a Hindu India won’t strengthen the countryThe country’s biggest asset is its diversity - and attempts to institute state-sponsored exclusion will only weaken and destroy
Read more »