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Ounce of (Debt) Prevention Worth a Pound of Cure

I was glad to hear the federal finance minister Jim Flaherty state that he does not believe Canada is going through any kind of housing bubble. Rather, his changes to mortgage rules are meant to embody the adage, "an ounce of prevention is worth a pound of cure." Small changes now, to avoid a crash in the housing market later. The minister said he wants to be sure that Canadian homeowners don't ...
Tags: Mortgages
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