'We don't think there is a bubble'

Financial Post

Finance  Minister Joe Oliver dismissed on Wednesday the idea that interest rates are so low they are spurring Canadians to buy homes they cannot afford.  "We're, of course, monitoring the market.  It's not a huge concern at this point," he told reporters.  "I've said again and again we don't think there's a bubble - the Bank of Canada agrees with that, CMHC (Canadian Mortgage and Housing Corp), OECD (Organization for Economic Cooperation and Development)."

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Michael James

Michael James

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