Canada government takes measures to cool housing market

Fri Dec 11, 2015 10:01am EST
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OTTAWA Dec 11 (Reuters) - Canada's government on Friday stepped in to cool down parts of the housing market, saying it will force people who want to buy more expensive houses to provide a bigger down payment.

Finance Minister Bill Morneau, rejecting talk of a bubble, told reporters that the move - along with a number of other measures announced on Friday - would ensure that the market remained stable.

(Reporting by Leah Schnurr)