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Controlling the housing bubble

Thursday, April 21, 2016 @ 8:00 PM | By Mark Katz

Housing affordability continues to be a hot-button topic in Canada. This is especially true in cities such as Toronto and Vancouver, where there are serious concerns about the number of people who are being locked out of the housing market because of rising costs.

In searching to explain Canada’s heated housing market, some commentators have fixed upon “foreign investors” as the primary culprits. As the argument goes, residents of unstable countries and regions (e.g., China, Russia, the Middle East) regard Canadian real estate as a safe...