Finance minister addresses housing bubble fears

Canada’s finance minister says the country’s real estate market has avoided the so-called bubble, with many markets already experiencing a soft landing.

Speaking at a private event on Wednesday, Finance Minister Joe Oliver said the government isn’t expected to change any guidelines in an effort to cool off the few hot markets remaining.

“We do not see the need for major changes at this time,” Oliver said at the event, according to Bloomberg News. “We will continue to monitor the market and make adjustments, if needed, although none are being actively considered right now.”




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