Canada should take regional approach to address housing problems

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The head of the International Monetary Fund says any government moves to tackle Canada’s housing market should be targeted at specific regions like Toronto and Vancouver, rather than imposed nationally. Speaking on Parliament Hill after a meeting with Prime Minister Justin Trudeau, IMF managing director Christine Lagarde said it is clear from her organization’s research that Canada’s housing market has strong regional differences.

The Canada Revenue Agency announced this week that it has launched a review into the actions of real estate speculators in British Columbia as a result of a Globe and Mail report that uncovered possible tax evasion and fraud.

Read the full article at The Globe and Mail.