Relevant:
- No sign Canada has a housing bubble -- Flaherty
- Flaherty to Tighten Canadian Mortgage Rules as Market Heats Up
- Canada Courts Housing Bubble IMF Sees as Risk With Record Rates: Mortgages
- No policy change is needed to prevent the housing bubble: There isn't one
- Ottawa says housing bubble not a concern
2012-07-10 — bloomberg.com
Canadian Finance Minister Jim Flaherty's efforts to avert a housing bubble are hastening the end of a six-year streak of outperforming the U.S. economy.
Changes implemented yesterday include shortening the maximum length of government-insured mortgages to 25 years from 30 years to quell demand for new homes and curb record household borrowing that Flaherty said has become a greater risk to the economy than slowing growth.
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