How Canada's short-term thinking sparked a national housing crisis

OTTAWA — At just 32, Eddie has a six-figure salary from a major financial institution, stocks, and no debt, including his rental property that nets him more than $5,000 a month. He lives frugally and invests as much as he can. Eddie wants to buy a house in Ottawa, as close as possible to his downtown job, and is willing to spend up to about $900,000. His wish list seems pretty basic: a decent neighbourhood, a back yard, and at least three bedrooms to accommodate what he hopes will one day