Another Day, Another $30 Million Lost

The government of Canada has once again postponed the reopening of the Canada-U.S. land border until at least July 21, at which point 487 days will have passed since the last time non-essential land travel was permitted between the two countries.

Real estate: The federal government must stop stimulating soaring prices

Montreal, June 23, 2021 – Rapidly rising prices for residential real estate in Canada, whether in Montreal, Toronto, or Vancouver, has very tangible consequences for the middle class. In Vancouver, the average price of a detached house is now $1.7 million, and the average price across all home types is over a million dollars in Toronto. Meanwhile, potential buyers in Montreal are also faced with an overheated sector characterized by bidding wars. What explains this?

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