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Archive for December 23rd, 2009

Canada’s housing bubble – time to take away the punch bowl

23 December 2009

Such post-recession excitement.
The price of an average Canadian home is up about 20% year-over-year. Even the mansions in the $7 million plus range are starting to move again. Credit Finance Minister Jim Flaherty for telling it like it is: the time has come to take away the punch bowl.
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