As we said yesterday, Harper's Conservatives have given us more pro-real estate initiatives in the last five years than Canadians have seen in the last quarter-century.
As a result CMHC has gone from backing $100 Billion in mortgages in 2006 to over $800 Billion in 2011.
And as you can see by the chart, our market has been propelled even higher than that experienced by the Americans.
The cycle merely needs time to play itself out.
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