Federal government to work closely with B.C. and Ontario re: housing market

A cooperative venture will aim to address the burning questions of what exactly is driving the seemingly out-of-control price growth affecting Canada’s most in-demand markets. “Housing prices have surged by 15 per cent in Toronto, and 17 per cent in Vancouver in the last year alone. People want to know what’s going on,” Finance Minister […] The post Federal government to work closely with B.C. and Ontario re: housing market appeared first on Andy Schildhorn, PREC.

A cooperative venture will aim to address the burning questions of what exactly is driving the seemingly out-of-control price growth affecting Canada’s most in-demand markets.

“Housing prices have surged by 15 per cent in Toronto, and 17 per cent in Vancouver in the last year alone. People want to know what’s going on,” Finance Minister Bill Morneau said in a speech.

“The working group will review the broad range of policy levers that affect both supply and demand for housing, the issue of affordability, and the stability of the housing market,” he added.

For more details visit Canadian Real Estate Wealth.

The post Federal government to work closely with B.C. and Ontario re: housing market appeared first on Andy Schildhorn, PREC.