Economist: New Vancouver Tax Wrong Response To Housing

The video discusses the upcoming interest rate decision and its expected impact on the economy. Brett House, an economist, critiques government measures on the housing market, emphasizing the need for increased supply rather than restricting demand. The discussion also covers the role of foreign investment in Canada, the debate over developing Toronto's Greenbelt, and the potential for brownfield development. The video concludes with an analysis of recent housing market measures, including stress tests and capital gains tax changes.

What are the potential consequences of compromising the Greenbelt according to the discussion?

How does the text suggest addressing the rising housing prices in relation to the Greenbelt?

What are the measures discussed regarding the capital gains tax and mortgage stress tests?