This housing market crash may be worse than The Great Depression. @peterschiff talks about the dire state of the U.S. economy, and how the Federal Government created a massive housing market bubble they can't fix.

The province is expanding its speculation and vacancy tax to 13 new communities, many of them vacation destinations and adjacent to areas already subject to the controversial measure.

“With so many people struggling to find secure housing, we have to keep taking action – we can't afford to pull back,” BC Finance Minister Katrine Conroy said in announcing the expansion. “The speculation tax is one of the ways we can help increase affordable housing options for people and communities.”

The B.C. government says more than a dozen additional communities will be subject to the province’s speculation and vacancy tax.

Finance Minister Katrine Conroy and Housing Minister Ravi Kahlon announced Wednesday that the tax is being expanded to 13 more communities; Vernon, Coldstream, Penticton, Summerland, Lake Country, Peachland, Courtney, Comox, Cumberland, Parksville, Qualicum Beach, Salmon Arm, and Kamloops.