The efforts and complications of trying to cool Canada’s hot housing market

Global News published this video item, entitled “The efforts and complications of trying to cool Canada’s hot housing market” – below is their description.

Canada’s housing market may be cooling for now, but owning a home is still out of reach for many Canadians.

Royal LePage predicts prices could surge an additional 15 per cent by the end of 2022. Mike Drolet looks at the efforts to tame the market, and the ripple effects.

Plus, Canada’s federal government also aims to cool the housing market by cracking down on foreign investors. Though, experts say foreign investors aren’t too different from corporate investors and every day Canadians, including dozens of MPs from all political parties, who are landlords.

As David Akin explains, it’s highlighting how domestic investment contributes to the housing crunch.

For more info, please go to https://globalnews.ca/news/8767051/canadian-mp-real-estate-investment-amid-housing-crunch/

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#Canada #RealEstate #Housing #GlobalNews

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Canada is a country in the northern part of North America. It extends from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98 million square kilometres (3.85 million square miles), making it the world’s second-largest country by total area.

Its southern and western border with the United States, stretching 8,891 kilometres (5,525 mi), is the world’s longest bi-national land border. Canada’s capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver.

Various Indigenous peoples inhabited what is now Canada for thousands of years before European colonization. The Canada Act 1982, which severed the vestiges of legal dependence on the British Parliament. Canada is a parliamentary democracy and a constitutional monarchy in the Westminster tradition, with a monarch and a prime minister who serves as the chair of the Cabinet and head of government.

As a highly developed country, Canada has the seventeenth-highest nominal per-capita income globally as well as the thirteenth-highest ranking in the Human Development Index. Its advanced economy is the tenth-largest in the world, relying chiefly upon its abundant natural resources and well-developed international trade networks.

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