Tuesday, Jun 15, 2021
Focus on the big picture

Priced out: Immigration likely to put pressure on Canada's post-pandemic housing prices

CA, 05 Jun 2021
Historically low mortgage rates, a race for space and a rush to get into the market ahead of tougher borrowing rules have all fueled a surge in home prices across Canada during the pandemic, and it's not limited to major real estate hot spots. But when the borders reopen to immigration, housing experts say fresh demand may keep prices hot.

Prices are up about 30 percent across Canada, bringing bidding wars and buying frenzies to cottage country and smaller cities like Hamilton, Halifax and Moncton, all contributing to a growing affordability crisis.

Will the housing boom go bust? Global's Anne Gaviola explains.

Priced out is a three-part series looking at housing affordability challenges facing young people in Canada.

For more info, please go to hthttps://globalnews.ca/?p=7881183&preview=true&preview_id=7881183
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
Related Articles