The president of the Canada Mortgage and Housing Corporation says Vancouver residents should be careful about blaming foreign buyers for skyrocketing housing prices. Evan Siddall says the most important factors driving unaffordability are low mortgage rates, lack of supply and rising disposable incomes. (Siddall says people are drawn to Canada because of its diversity, and housing should not become a wedge that divides newcomers from established residents.)

Date: 2016-11-30
Placeline: VANCOUVER.
Source: The Canadian Press
Length: 15 seconds

Transcript Prediction: << the evidence tells us that the origin of an activity in Canadian real estate is primarily domestic color does and that's not good economics >>

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