28 October 2013

Will you need bigger downpayment for a new home?

Recently Finance Minister Jim Flaherty said he plans to be more involved with the real estate market players in order to make sure the market doesn’t over heat and the bubble doesn’t appear.

According to Mr. Flaherty, after the Bank of Canada has hinted it might not raise interest rates probably well until 2015, the responsibility of providing the housing market stability fell on his department…

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