NIMBYism and Speculation in the Canadian Housing Market

In this episode Sofia and Andrew discuss NIMBYism and why it is pervasive and harmful to the Canadian housing market.

After months of consecutive record breaking highs, Canadian housing prices have finally begun to show signs of decline in response to rising interest rates, but what caused this boom in the first place? Has housing just become another speculative asset or do prices reflect market fundamentals of too much demand and constricted supply?