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Real Estate Briefing - Categorized | Finance, Market Moves more

Some Canada property markets likely overvalued: BoC

Posted on 23 January 2012

Some parts of the Canadian real estate market are “probably overvalued” and policymakers are monitoring to see if further steps are needed to cool it, the head of the country’s central bank said in an interview broadcast on Sunday.
It was the second time in recent days that Bank of Canada Governor Mark Carney voiced concern about property prices, which surged after the financial crisis as borrowing costs tumbled………………………………………..Full Article: Source


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