As Canada’s home prices reach the stratosphere, calls on the government to bring the housing market back to Earth — possibly with a soft landing — are growing increasingly urgent.
The average price of a home in Canada has climbed an eye-watering 25 per cent to a record $678,091. And the housing frenzy shows no sign of cooling off. The Canadian Real Estate Association (CREA) expects the national average home price to keep climbing fast in 2021.
Mike Le Couteur looks at what options the federal government may have to address the overheating housing market, as they also prepare to unveil its first budget in two years.
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