The federal government is creating a working group on housing with the Ontario and British Columbia governments as well as officials from Vancouver and Toronto. finance Minister Bill Morneau says it's important that all levels of government work together on this issue because taking action on the Vancouver housing market could have unintended consequences on people in Calgary or Halifax, for example. (The working group has not yet been formed, but Morneau says it will meet through the summer to review factors that affect housing supply and demand, affordability and stability of the market.)

Date: 2016-06-23
Placeline: TORONTO.
Source: The Canadian Press
Length: 18 seconds

Transcript Prediction: << importantly we want people to understand that while the federal government does have some levers under its control we don't have all of them this in our estimation is a shared responsibility with the provincial governments and municipalities having Regulatory and Taxation powers to respond to Unique local concerns >>

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