16.06.2011 - Bank of Canada expects less housing market sizzle
Canada's sizzling housing market is on the radar of Bank of Canada Governor Mark Carney, but he issued only verbal warnings to home buyers and banks on Wednesday, rather than signaling any intention to raise interest rates soon. In a speech in Vancouver, the country's hottest real estate market, Carney said conditions should moderate as housing demand is eventually dampened by higher borrowing costs and other factors..............................................Full Article: Source
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