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Real estate is already cooling. So why Flaherty’s new chill? #yeg #yegre

Rae_winter060In the aftermath of a fourth round of rule changes designed to clamp down on the housing market, questions still linger about why Finance Minister Jim Flaherty needed to do anything. Detractors point to a real estate market that is already in decline in some parts of the country, in terms of both price and sales. Even those who acknowledge Mr. Flaherty might be right about Toronto’s condominium sector being overheated seem to believe that market is already correcting on its own.



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