Non-paywall link: https://archive.is/J2cSo
Turns out the housing crisis is awful for the economy at large.
You must log in or register to comment.
The op-ed doesn’t discuss the other insidious effect of a housing bubble: instead of investing in businesses that can create new jobs, people invest in their real estate, further inflating prices.
We really need to take money out of the real estate sector by removing tax incentives that convince Canadians that their best investment is their home.