Comment 79382

By Robert D (anonymous) | Posted July 11, 2012 at 21:57:01 in reply to Comment 79368

I disagree. Sprawl, sub-prime mortgages and the "American Dream" all feature prominently in the most recent American real estate bubble.

Sprawl and the "American Dream" (suburban home ownership) are both factors here, and the government has done a decent job monitoring mortgage rates to ensure we don't suffer the same problem here.

Ironically the biggest issue in Canada is condo prices in Vancouver and Toronto - of which arguably sprawl and the American dream are only indirect contributors (as they take up substantial land on the periphery of these communities, forcing higher densities downtown and demand for these areas that outstrips the supply.

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