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.
- Police hunt for motive as search for Malaysian jet spans hemispheres |
- Crimeans vote over 90 percent to quit Ukraine for Russia |
- Ukraine, Russia agree Crimea truce until March 21-Ukraine minister
- Malaysian PM says lost airliner was diverted deliberately |
- Democrats seek ways to limit Obamacare fallout after Florida defeat