Speaking Thursday at the Bloomberg Canada Economic Summit, Mr Oliver said that if a need arises the government will act as appropriate.
He also paid tribute to the work of the Canada Mortgage and Housing Corporation for making homeownership more accessible for more people and dismissed the idea that it may be privatised within the next decade.
He acknowledged, though, that it may become “somewhat less of a player” with private mortgage insurers taking more of the load from the federal agency.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Sault Ste. Marie, Val-Racine, Onaping - Levack, Poplar Grove, Sambro Head
Finance minister Joe Oliver says that there is no need for the federal government to make any immediate shifts in housing policy.