News: Vancouver Real Estate Market

CBC News: Flaherty tightens mortgage taps

 Federal Finance Minister Jim Flaherty announced tighter mortgage rules on Monday to address concerns over high Canadian household debt.

 

"In 2008 and again in 2010, our government acted to protect and strengthen the Canadian housing market," Flaherty told a news conference in Ottawa. "We continue to do so today."  (Click here to download full story in PDF

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