Every August since 1961, when John Diefenbaker was prime minister and you could buy a house for $ business and government economists have gathered here in Kingston to discuss issues of the day. CABE has carried on this tradition of convincing economists to attend a conference while everyone else is on vacation.
The promise of a good chart is probably all the convincing most of us need. I’ve got plenty of those for you today. I want to talk to you about the evolution of house prices and the underlying determinants of their long-term movements.