Mike Moffatt

The sun sets over the Toronto skyline during the opening ceremony for the Pan Am Games

Canada’s soaring housing prices leave potential homeowners with limited choices. Local and federal govts are trying to help.

Economics

Since the start of the pandemic, housing costs in many areas have climbed at a pace well ahead of income growth, with the average price up more than 50% in two years. Canada’s local and federal governments are now pursuing measures to try and rein in prices.