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The IMF's Take on Canada's Housing Dilemma Is So Absurd I Can't Even

The blunt tool isn't the only one in the box.
Bank of Canada Gov. Stephen Poloz

Bank of Canada Gov. Stephen Poloz

Photographer: Patrick Doyle/Bloomberg

Nothing spells drama like frothy real estate in an economy that's dealing with the flip side of the commodity supercycle.

Here's how Cheng Hoon Lim, assistant director in the International Monetary Fund's Western Hemisphere Department, framed that drama in a new blog post: