Canada stands ready to tighten mortgage rules: Flaherty
“With respect to tightening up the mortgage insurance market we’ve done it three times … and we watch, we monitor the market and if we have to tighten it some more we will,” he told reporters in Stittsville, Ontario.
“The new housing market produces a lot of jobs in Canada so there’s a balance that needs to be addressed. I’d like the market to correct itself, quite frankly, if it can.”
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