Why governments don't mind rising house prices

Governments on all levels have said they want to make housing more affordable as prices home prices continue to rise.

They’ve introduced measures to cool markets, but real estate accounts for a big chunk of economic growth.

We’ve been getting monthly updates from the ground floor from Realosophy Realty’s John Pasalis and Oakwyn Realty’s Steve Saretsky, who help make sense of it all, with advice for anyone buying or selling a home.

They both think governments are quite content with the rapid price appreciation.

Jessy Bains is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jessysbains.

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