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Flaherty calls on banks to ‘fix’ mortgage market #yeg #yegre

Flaherty calls on banks to ‘fix’ mortgage market
Canada’s finance minister said on Wednesday he would rather not tighten mortgage rules again to curb high household debt and that banks themselves are taking on that job by becoming more strict with their lending criteria. Jim Flaherty said he has seen signs of moderation in the Toronto condominium market and expects to see a similar trend in Vancouver, one of the country’s hottest real estate markets.
Full article – http://tinyurl.com/7vrte95

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