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.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Lochaber-Partie-Ouest, Riverside Park South, Glen Harbour, Petite-Rivière-de-l'Ile, Newburg
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.