Global housing prices surged in Q1 led by advanced economies, BIS reports
Canada's political parties want to address the current cost of living crisis
The First Home Savings Account would allow Canadians under 40 to save $40,000 toward a home purchase
Higher borrowing, overheated housing markets are vulnerabilities
The average price of a home was $488,501
Residential investment has far outpaced business investment
Combination of fewer listings and easing sales activity slows price increases
Strong mortgage borrowing drives liabilities to over $2.5 trillion in May
The pace of starts for multiple-unit housing projects rose, however
The rating agency revised its housing forecasts on stronger demand factors