November 12, 2013 / 8:48 PM / 5 years ago

Canada's Flaherty: Will intervene in housing market if necessary

Residential and commercial buildings are pictured in Vancouver, British Columbia June 20, 2011. REUTERS/Jason Lee

EDMONTON (Reuters) - Canada’s government will clamp down again on the housing market if necessary to prevent a bubble forming, Finance Minister Jim Flaherty said on Tuesday.

“We have to watch out for bubbles - always - in markets around the world, including our own Canadian residential real estate market, which we keep a sharp eye on. And I’ve intervened four times in the last several years and I’ll intervene again if I have to,” Flaherty told a business audience in Edmonton.

Flaherty has intervened four times since 2008, each time to tighten mortgage restrictions.

Reporting by Nia Williams, writing by David Ljunggren

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below