IMF can't stop worrying

Financial Post

Canada's housing market is likely to achieve a soft landing but authorities may need to tighten mortgage rules further to contain vulnerabilities to crash, the International Monetary Fund said on Wednesday.  Canada avoided the housing market crash that accompanied the financial crisis in the United States.  But a post-recession housing boom, fuelled by record-low borrowing costs, has prompted some analysts to warn a bubble may be in the works.

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Michael James

Michael James

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