Content
Skip to Main ContentAccessibility Help
Front Burner

'Too big to fail': COVID-19 and Canadian real estate

Could the “wealth-conjuring machine” that is Canadian real estate grind to a halt after the COVID-19 crises exposed its worst weaknesses?
CBC News ·
A real estate sign that reads "For Sale" and "Sold Above Asking" stands in front of housing in Vaughan, a suburb in Toronto, Canada, May 24, 2017. REUTERS/Mark Blinch - RC1EC6FE40F0 (Mark Blinch/Reuters)
Front Burner22:39'Too big to fail': COVID-19 and Canadian real estate

Could the "wealth-conjuring machine" that is Canadian real estate grind to a halt after the COVID-19 crisis exposed its worst weaknesses? That's the concern many who watch a sector that makes up a bigger part of the Canadian economy than oil and gas.

Today on Front Burner, Bloomberg News' Vancouver bureau chief Natalie Obiko Pearson returns to explain how real estate became such a significant part of the Canadian economy, how Canadians went deeply into debt, and why now, the housing market in Canada could be "too big to fail."

Listen on Google Podcasts

Listen on Apple Podcasts

Listen on Spotify