Canada has done enough to slow its housing market and prevent a crash like that seen in the United States. The finance Minister, Jim Flaherty was insistent on this point when he spoke on CBC Radio yesterday. Flaherty said he had no plans to take further action to put the brakes on the housing market, after a series of moves to tighten conditions for mortgage lending. The most recent change was in July. “We’ve done enough, I do not intend to do any more,” Flaherty said, adding that he was pleased at signs of a slowdown in key sectors of the market, like the condo market in the big cities of Toronto and Vancouver.
