Mortgage News
Ottawa ready to intervene on housing, but not now: Flaherty
The Canadian government is watching the housing market closely and is ready to intervene if needed, but is not about to do so now, Finance Minister Jim Flaherty said on Tuesday, noting he saw indications of softening in the market.
Published
Even though the most recent stats indicate a mild softening of the market, this article implies that Jim Flaherty is not going to be quick to intervene.
Though mortgage rates are still quite low Flaherty cautions consumers not to make too many assumptions about how long the rates will remain low.