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Banks spot evidence of a housing bubble. What took so long? Add to ...

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So all of us can finally agree: Toronto’s home prices constitute a ticking time bomb. The question is, how do you defuse that high explosive?

Over the past couple of weeks, economists for major banks have lined up to offer their ideas. Their flurry of suggestions provides a stirring display of public-spirited ingenuity – although observers might be tempted to ask where all that mental acuity has been lurking.

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Reality Check: Is an Ontario foreign-buyers tax the solution to Toronto’s hot housing market? (The Globe and Mail)

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