Real estate nation: putting the economy at risk and disadvantaging a generation

With interest rates not expected to go up soon, half-baked efforts by federal and provincial authorities to discourage risky home buying are not expected to significantly slow the runaway housing market.
Millennials are facing the outcome of decades of neo-liberal government policies that have left the country with stagnant wages way below what’s needed to comfortably buy a home today, writes Les Whittington.
OTTAWA—It’s been a decade since the commercial bank borrowing rates influenced by the Bank of Canada shifted permanently downward as the central bank adopted a policy that came to be known as “low for long.” Central bank officials holed up down the street from Parliament were forced to keep...

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