Can Government Control the Housing Market? The Agenda
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Early in the pandemic, the Canada Mortgage and Housing Corporation predicted home prices would fall by almost 20 per cent. That's not what happened. In fact, 2020 brought some of the biggest year-over-year increases ever seen. While home prices in Toronto always seemed expensive to many, it's no longer just a big-city story. Economist Mike Moffatt looks back on the last five years of policy to help us understand how we got here.