RBC by BNN Bloomberg / March 24, 2021

Capital gains tax and ‘sacred cows’ could offset hot housing: RBC

RBC Economics is wading into the debate over Canada’s red-hot residential real estate markets, urging policymakers to put all options on the table when it comes to getting runaway prices under control.

In a research report Wednesday, RBC Senior Economist Robert Hogue said even measures previously considered “sacred cows” should be scrutinized as home prices become further divorced from average incomes and economic fundamentals.