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Canada’s housing-boom war

Posted on 27 June 2011

Mark Carney, governor of the Bank of Canada, has chosen his weapons in a battle against a problem all too familiar to many Americans—a housing boom marked by rising debt and frothy real-estate prices in some markets.
Mr. Carney, like central bankers in other places fighting real-estate booms, is leaning on tougher regulations for banks and home buyers, rather than on higher interest rates, to prevent Canada’s rising housing prices from going too far………………………………………..Full Article: Source

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