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Canada home prices boil over as policymakers sit back - Land.Net News


Canada's red-hot housing market has become a bonfire, spurring comparisons to earlier bubbles and prompting calls for cooling measures. But policymakers are standing back, unwilling to intervene for fear of undermining Canada's still-fragile economic recovery from the COVID-19 pandemic.

Real estate agents say after months of end users driving sales, investors are again a factor in the market and flipping activity is picking up. In response, desperate buyers are over-extending themselves, paying tens of thousands more than originally budgeted just to get in.

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