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Mortgage Broker News | 22 Aug 2013, 12:00 AM Agree 0
A year after he imposed stricter guidelines on the housing market, Finance Minister Jim Flaherty announced Wednesday that he has no plans to further intervene. The announcement hasn’t provided comfort for mortgage brokers, though.
  • JSydneyH | 23 Aug 2013, 04:42 AM Agree 0
    The issue going forward will not be how to cool the market but how to prevent it from dragging the rest of the economy down when the rising rates slow the market. New construction has already started to slow; given that construction accounts for 11% of the labour market, any job loss in this sector will have a ripple effect on the rest of the economy.

    Can the rules change fast enough to save the country from a recession?
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