December 11, 2015 / 3:01 PM / in 2 years

Canada government takes measures to cool housing market

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

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