OTTAWA (CU)_Historically low interest rates during the COVID-19 pandemic, together with heftier personal savings and house-obsessed millennials, sent Canada’s house prices soaring amid a dire shortage of units. According to the Canadian Real Estate Association, during the 12 months leading up to June 2021, the average home-sale price the North American nation escalated by 26 per cent to $679,000, as sales activity rose by 14 per cent.
Meanwhile, the Canada Mortgage and Housing Corporation (CMHC) has already spent…
