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Canada: Home prices to gain ‘measly’ 2pct a year over next decade: TD

Posted on 12 March 2013

Canada’s housing market has been a source of angst for many, for industry players who have watched it cool over the past half-year, and for policy makers who are trying to engineer a soft landing and believe they have done so.
The market has cooled significantly since Finance Minister Jim Flaherty brought in his fourth round of mortgage restrictions last summer, and credit growth has slowed. So much so that last week, the Bank of Canada removed from its policy announcement a warning that it could hike interest rates to stop borrowers who have push their debt to record levels………………………………………..Full Article: Source


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