15 January 2013

Jim Flaherty is happy with the new mortgage rules effect on Canadian housing market

According to Jim Flaherty, the new mortgage rules, implemented this
July, are showing the necessary effect on the Canadian real estate
market. “Yes, I really don’t mind house prices going down as well”, – he
said in his recent interview.
This commentary follows the latest
report saying that Canadian home sales showed the fastest year-over-year
decline last month since the implementation of new mortgage rules in
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