Why the Canadian Housing Market Is Soaring in the Pandemic [The New York Times]
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Skip to contentSkip to site indexToday’s Paper|Why the Canadian Housing Market Is Soaring in the PandemicAt HomementContinue reading the main storySupported by Letter head of the Mortgage and Housing Corporation apologized for forecasting a big drop in housing prices last year.ByIan AustenMarch 5, This week began with an unusual apology. Evan Siddall, the president and chief executive of the Mortgage and Housing Corporation,took to TwitterImageDespite the pandemic, real estate sales are strong in Vancouver.Credit...Chris Helgren/ReutersInstead, of course, is talking again about whether most of the country is in a soon-to-burst real estate bubble. In Vancouver last month, the benchmark price for detached homes rose by 13.7 percent compared with a year earlier,reaching 1.6 million Canadian dollarsrose by 23.1 percentA sellers’ market prevails in many parts of the country, even at a time of economic distress for many. After my mother died earlier this year, I was surprised to learn th
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