OTTAWA Nov 22 Canada's housing market appears
to be cooling at a moderate pace rather than crashing, Finance
Minister Jim Flaherty said on Thursday in an interview with the
Business News Network.
Asked whether he feared housing prices are falling too
quickly, Flaherty said he did not. "I'm glad that it is
moderating. That was our goal, to reduce demand, especially in
the condo sector in Vancouver and Toronto and we've seen that,"
"It's a difficult market, it tends to boom and bust ... so
we're hoping we can get a middle ground here that will be
neither of the above."