Home prices in Toronto will come crashing down unless the federal government does more to balance the red-hot market.

That’s the assessment of billionaire investor Stephen Jarislowsky, founder of Montreal-based investment firm Jarislowsky Fraser, who told BNN that not enough is being done to control the Toronto housing market and that he sees prices crashing down “with a bang” as a certainty.

Jarislowsly isn’t impresses by government spending either. In the BNN interview he says Ottawa has made “gratuitous” expenditures with no benefit to the country.

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