13 May 2011
In the same time, Flaherty believes there weren’t any unintended consequences in the housing market tendencies, caused by the government’s intervention into the mortgage industry. All changes were made in order to help banks lend borrowers money.
Meanwhile, the government is still keeping an eye on the real estate market.
Mr. Flaherty said the new budget will have some changes in compliance with the new economic situation. But in the end it will be much alike the budget presented in March.