CBC quoted UBC’s Sauder School of Business professor Thomas Davidoff for a story about the changing mortgage rules in Canada.
“If you’re worried that housing prices are too high, the single rate that the Bank of Canada targets is too blunt an instrument,” Davidoff said.
Paul Kershaw, a professor at UBC’s school of population and public health, also spoke to CTV Vancouver about the impacts of the new mortgage rules. He said the federal government can help the younger generation by addressing affordability in transit and child care.
“I understand if federal government came to help ensure a younger demographic in particular doesn’t get over leveraged in a housing market that is fundamentally breaking down for them,” he said.
Kershaw also spoke to The Province about housing affordability issues.
