Canadian Speculators, Not Foreign Money, Are Driving up Home Prices



Historically low interest rates set by the Bank of Canada make it relatively risk-free for speculators to borrow large sums of money and invest in real estate - driving up prices in the process.


Under the radar

That has prompted comparisons to the spike in foreign investment that enveloped Vancouver's real estate market, and pushed up housing prices to the point where the provincial government stepped in with tax measures to slow the rush. ... Besides his ...




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