Another Bursting Bubble: The Housing Crisis in Canada

Canada, having navigated the 2008 financial crisis, now faces a housing bubble, especially in cities like Vancouver and Toronto, with warnings from the IMF on high personal debt. As rising interest rates pose concerns, the government must delicately balance addressing inflation while preventing potential disruptions in the housing market, emphasizing the need for a multifaceted approach and collaboration among stakeholders for a sustainable housing market.