Monocle 🧐 — Canadian housing prices are only going up. The Zara billionaire is buying RBC plaza. And Bausch and Lomb is going public.

What goes up must come down, unless we’re talking about Canadian housing prices. At least that’s the conclusion we’re reached after reviewing new reports on our overheated housing market that predict rising prices well into 2022. Zara’s billionaire owner Amancio Ortega is buying Toronto skyscraper Royal Bank Plaza for over CA$1 billion. Bausch & Lomb, the Quebec-based maker of contact lenses and other eye health products filed to go public on the New York and Toronto stock exchanges.