Apr. 25, 2017

Why prick the housing bubble?

"The major explanation for mismatched supply and demand is domestic — new homes not keeping pace with Toronto’s 1.6 per cent annual immigration rate (an increase in population of over 100,000 a year), a local economy that’s actually doing quite well, and the irruption into Toronto of an ascendant set of values that can be attributed to an already landed, prospering immigrant class," writes Noah Richler - Rene Johnston / Toronto Star