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Abnormal rise in home prices is the biggest threat to affordability: Royal LePage's Phil Soper

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Abnormal rise in home prices is the biggest threat to affordability: Royal LePage's Phil Soper

Phil Soper, president and CEO of Royal LePage, tells BNN Bloomberg that everything else, including higher mortgage rates, are dwarfed by the unusually high appreciation in home prices seen during the pandemic. He also says the new Tax Free First Home Savings Account, proposed in this year’s federal budget, could become the most popular savings vehicle among young...[READ MORE]

 

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