Wednesday, April 13, 2011

Parties Silent on Possible Housing Bubble

Jesse Kline: Parties Silent on Possible Housing Bubble
The Canadian housing market is booming, and some economists fear it could come crashing down. There were warning signs for years about the pending housing crisis in the United States, but they all went unheeded. Canadians now have the chance to start discussing how to prevent a similar situation from occurring north of the border, yet politicians from all parties seem intent on turning a blind eye. The only mention of housing in the Conservative and Liberal policy platforms is to say how much the parties have spent, or will spend, to support housing. Yet, the collapse of a government-encouraged housing bubble could endanger the country’s precarious financial situation.

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