Tag:

economic growth

Canada’s phony housing-based GDP paints a bleak picture

What can you get for $500,000 today?  You could buy one “cozy” shoe box condo in the sky in a gentrified neighbourhood in chilly Toronto, or two detached houses on huge lots beside a golf course in sunny Florida. The strange thing is that Americans think that their prices are reminiscent of 2008 and they think that they are back in a ho… Read more