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Finance minister Flaherty ‘pleased’ as Canada’s housing market softens

Posted on 17 January 2013

Finance Minister Jim Flaherty says he’s happy that the rapid increase in Canadian home prices is over. In fact, he would be pleased if the housing market softens further. “I don’t mind prices coming down a bit, too,” he said in an interview, after the latest data showed that home sales fell sharply in December compared with a year ago.
The figures, released Tuesday by the Canadian Real Estate Association, include all sales of existing homes, or resales, over the Multiple Listing Service………………………………………..Full Article: Source


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