Choose your settings
Choose your language
Economic Viewpoint

What means are available to slow the housing market in some parts of Canada?

June 22, 2022
François Dupuis, Vice-President and Chief Economist • Benoit P. Durocher, Senior Economist

Several measures have been put forward in recent years to put the brakes on Canada’s housing market. Yet major regional disparities persist, with the Vancouver and Toronto markets still skyrocketing. Under these conditions, numerous stakeholders are calling for more focused measures, in particular to control the influx of foreign investors in Canada’s large cities. Elsewhere in the world, in the last few years, several regions have decided to manage and rein in the presence of foreign investors in their real estate markets. Before coming up with a solution for Canada, however, it is essential to have a good grasp of all the factors affecting housing demand here, including the contribution from foreign investors.