Home prices in Ontario have reached a point where they are pulling money out of other sectors of the economy and creating more challenges for business, warns a new report from the Ontario Chamber of Commerce.
As Ontarians spend more on housing, the report says, they have less money for other goods and services. The situation has resulted in “wide-ranging” implications for business in the province.
Happy to see the community of those concerned growing. Also surprised to see Remax support the 15-min city, that's suspicious of them, but nonetheless good to see.