BoC head sees housing market adjusting more in next few years
OTTAWA Feb 15 (Reuters) - The Canadian housing market is likely to continue cooling off in the next few years, Bank of Canada Governor Mark Carney said in an interview broadcast on Friday.
Canadian home prices grew at the slowest pace in three years in December year-on-year, and housing starts fell more steeply than expected in January. Ottawa intervened last year, making it tougher to take out a mortgage.
"We've seen adjustment in the housing market, we think there's a bit more to come in the next few years. Again, I think Canadians have listened to the message and they are adjusting," Carney told CTV.
- Israel pummels Gaza; Kerry steps up diplomatic push |
- With sales sputtering, Apple's iPad looks to IBM alliance
- Ukraine war crimes trials a step closer after Red Cross assessment
- Five held in China food scandal probe, including head of Shanghai Husi Food
- Rebels likely downed Malaysian jet 'by mistake': U.S. officials