Canada housing market has calmed down - finance minister
OTTAWA, Sept 17
OTTAWA, Sept 17 (Reuters) - Canadian Finance Minister Jim Flaherty said on Tuesday Canada's housing and condo market has cooled but that he stands ready to intervene if there are any signs of an emerging housing bubble.
In an interview with BNN television, Flaherty said he met with bankers this week and is "comfortable" with the housing situation.
"It's calming, which is good, especially the condo market which was quite worrisome in Vancouver and Toronto, and a little bit in Montreal also," he said.
"I'm comfortable with where we are but we have to watch and if we see anything moving toward a bubble, we can intervene," he said.
- Pennsylvania newlyweds "just wanted to murder someone together:" police
- WTO overcomes last minute hitch to reach its first global trade deal
- U.S. freeze shows no sign of weekend melt after deadly storm
- Colorado baker discriminated by denying gay couple wedding cake: judge
- North Korea frees U.S. Korean War veteran after seven weeks |