Pick the correct multiple choice

Question 24 (1 point)

Which of the following is not a reason why Toronto is currently experiencing a housing bubble?

a. a shortage of condos

b. driven by foreign wealth

c. a shortage of detached properties

d. record-high demand

Question 25

Which of the following is not a reason why the surge in housing prices in Toronto over the past year is alarming.

a. Housing price increases boosts the cost of doing business, eroding competitiveness

b. If the market tumbles, so will Canada's economy

c. Housing price decreases lowers the cost of doing business, eroding competitiveness

d. Pricier real estate also drives away less-affluent, younger people