He told BNN that the focus should be on increasing homebuilding by looking at zoning and incentives for developments. He says there is little that Ottawa can do to cool the market but every level of government can look at easing supply restraints.
“What you are doing is pricing an entire generation of young people out of the real estate market,” Rosenberg warned.
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The federal government should worry less about curbing demand for housing and concentrate on supply issues. That’s the view of Bay Street economist David Rosenberg.