‘Massive effort’ underway to create database that will shed light on Canada’s housing market

By Anna Steshenko

Last summer, as policy makers grappled with how to tackle soaring real estate prices in the Vancouver and Toronto areas, they encountered a major obstacle: there was no comprehensive database tracking all the potential variables at play, especially when it came to foreign buyers.

Now, a “massive” effort is underway at Statistics Canada to make sure that problem never arises again.

A team of more than 15 people is at work compiling the Housing Statistics Framework, an...

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