Toronto housing boom sparks debate over easing it

Most policy makers agree Toronto’s booming housing market is a problem. They just can’t agree on what to do about it. After the Toronto Real Estate Board reported Wednesday that average prices surged 33 percent in March, David Rosenberg, the chief economist at Gluskin Scheff & Associates who forecast the U.S. housing crash, summed it up this way: “This is a bubble of historic proportions.” The debate among policy makers has now gone public, and the back-and-forth between officials at three level...

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