Canada's Housing Bubble

Is Canada in a housing bubble?

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Record high debt (debt bubble) has been created by housing. I see no valid reason to say housing isn`t in a huge bubble.
The only remaining question is how to avoid a big burp. Obama says spend our way out, Harper says grow our way out. I see the spending and I see government growth going super sonic, what I don`t is any change to the cause of the problem, over spent, over mortgaged and under saved consumers.

Spend our way out, grow our way out,,, what could possibly go wrong.

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