Canada's housing market still running hot

The surprising resilience of the country’s housing market is renewing concerns that it could be overshooting.

Housing starts, sales and prices are once again defying expectations, one year after Finance Minister Jim Flaherty shocked the market with tighter mortgage insurance rules. The sector is showing such strength this summer that some economists are wondering whether Mr. Flaherty will go further in a bid to stem rising house prices and consumer debt levels.

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Irfan Ahmad

Irfan Ahmad

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CENTURY 21 Percy Fulton Ltd., Brokerage*
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