A reader offers his opinion on the inevitable ramifications of intervention in the housing market by governments in Canada.
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Adam Smith’s “invisible hand” theory would suggest that the market should solve the housing problems. Entrepreneurs will build more housing and increased supply will cause prices to fall. And/or housing affordability will be improved by salaries rising as a result of labour shortages.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYUnlimited online access to articles from across Canada with one account.
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