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The return of the MURB

Economics Reports

The Week Ahead

The return of the MURB

“The projected weakness in (the housing) sector of our economy troubles me a good deal. It threatens to reduce employment, raise production costs and increase housing prices and rents. Even more important, a reduction in the supply of new housing could lead to a lower standard of accommodation than Canadians deserve. The government is determined not to let housing construction drop to unduly low level.” Quick, who you think said that? The answer is not Trudeau or Carney, it was John Turner in his 1974 budget speech. The more things change, the more they stay the same.

Read more in the detailed report below.

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