A Likeability Problem: The Housing Crisis and Inflation

Sep 08, 2023

∙ Paid

The American subprime mortgage crisis, which contributed to the 2007-2008 Global Financial Crisis, was triggered by the collapse of a housing bubble and led to a significant decrease in the price of US houses. While the crisis was global, it left Canadian home prices relatively unscathed, as the two graphs below show:

Canadian housing prices showed a …

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A guest post by

Philip O'Reilly

Phil is a part-time writer, and full-time classical liberal and Ottawa Senators/Vancouver Canucks fan. He resides in Vancouver, British Columbia where he writes on politics, individual rights, and free speech by day and hockey by night.