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The Second-Largest Country in the World is Running Out of Land

Canadian dream of a house with a yard is becoming unaffordable as real estate prices surge and space to build runs short.

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Canada’s Economy Supported by Never-Ending Housing Boom
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Canada’s housing market is running hotter than just about anywhere else in the world.

But despite the anxiety about irrational bidding wars and fears of the bubble bursting, what's fundamentally driving it is a worsening imbalance between supply and demand: Buyers want large homes but increasingly can’t have them because there isn’t enough space in and around the major cities where people work.