Canada's Oliver say there is no housing bubble

Tue Mar 10, 2015 2:54pm EDT
 
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OTTAWA (Reuters) - Canadian Finance Minister Joe Oliver on Tuesday told Parliament that there was no housing bubble and added that he continued to monitor the market very closely.

The government and the Bank of Canada have repeatedly predicted a soft landing for a housing market which boomed in the wake of the financial crisis, spurred by record low borrowing costs.

(Reporting by David Ljunggren; Editing by Chizu Nomiyama)

 
Canada's Finance Minister Joe Oliver speaks during Question Period in the House of Commons on Parliament Hill in Ottawa January 26, 2015. REUTERS/Chris Wattie