Author Archives: Danielle Park

According to the Toronto Regional Real Estate Board (TRREB), the average sale price for all property types in the Greater Toronto Area (GTA) dropped to $1.106 million in July. On a month-over-month basis, the price fell by 4.7% from June. … Continue reading →

As interest rates fell from 1980 to 2020, the average Canadian home price increased 746% from $67k to $566k, while the median household income rose about half that rate (400%) from $21,252 in 1980 to $84,000 by 2020 (table courtesy … Continue reading →

Policymakers and economies face a similar challenge globally. After the 2008 meltdown,  short-term rates were intentionally suppressed to incentivize credit growth and consumption at the expense of savers and productivity-improving investments. Now, we are paying the longer-term costs of those … Continue reading →