Here is the latest economic update from Verico’s economist Michael Campbell. 

I think that anyone working in the real estate industry can be forgiven for waking up in a cold sweat muttering what Ronald Regan called the 9 scariest words in the English language: “I’m from the government and I’m here to help.”

All three levels of government have set their sights on cooling both the Vancouver and Toronto real estate markets along with Victoria, Hamilton and Saskatoon but to whose benefit? What’s rarely mentioned is that not a single homeowner in any city benefits from lower prices and reduced liquidity.

Read more from VERICO’s Economist Michael Campbell by clicking the report below.