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OPINION: The housing bubble that COVID built


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The past year has been a hard one. While most of us have rightly been focused on COVID-19 and getting it under control, other longer-standing problems have taken advantage of losing the limelight and gotten worse in the meantime. It’s been interesting to see how some of these trends have marked some big changes across the country and what it might mean for our day to day lives in a post-COVID Canada.
Of the trends that seems to be taking hold, probably the most consequential is what’s happening with the housing market across Canada. And when I say across Canada, I actually mean that. Normally when we talk about the spiking cost of homes across Canada, we’re really talking about Toronto and Vancouver. That has been an ongoing problem for over a decade, and it wouldn’t have surprised anyone to hear that was still a problem. ....

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