Prime Minister: some have too much mortgage debt
Some households are carrying too much mortgage debt even if the housing market remains stable. That was the warning Thursday by Stephen Harper who made it clear that the government believes that the housing market is currently stable but that it is being watched carefully. He also weighed into the debate on the level and effect of foreign investors on Vancouver and Toronto saying there would not be a tax on foreign home investment from the Conservative government. Separately BC premier Christy Clark also dismissed calls for a specific tax on foreign investors but said the provincial government was considering ideas.