Since 2006, most of the big cities in Canada have under-produced new housing, contributing to the mess we're in now.

 

April 26th letter to the Minister of Finance, in which I argue that the interest rate used in the stress tests should be 3.76%.

 

Slides from a Presentation given on April 21, to Mortgage Professionals Canada’s Mortgage Symposium.

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"Annual State of the Residential Housing Market in Canada" (released March 25). For Mortgage Professionals Canada, a major report on conditions and factors in the market.  Find the Press Release here

 

​Owning versus Renting a Home in Canada - In most situations in Canada, the monthly cost of home ownership is actually lower than the cost of renting equivalent housing, and the ownership advantage increases over time.

 

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How to Dissect a Housing Bubble - (completed in 2014). I wrote this at a time when there was a lot of discussion about "over-valued" housing markets in Canada. The primary conclusion was that due to low interest rates, there was considerable potential for further price growth.

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Not so recent. 1990 report "On the Agenda" on the long-term outlook for rental housing in Canada.