In an interview with BNN television, Flaherty said he met with bankers this week and is “comfortable” with the housing situation. “It’s calming, which is good, especially the condo market which was quite worrisome in Vancouver and Toronto, and a little bit in Montreal also,” he said. “I’m comfortable with where we are but we have to watch and if we see anything moving toward a bubble, we can intervene,” he said.
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Don’t Ignore the Sobering Facts on Housing