Finance minister expects new housing measures to suffice

The new measures designed to cool the housing market should be sufficient with no further intervention from the government necessary. That’s according to finance minister Bill Morneau who spoke Monday at the Toronto Board of Trade. “For now, we’re focused on dealing with a couple pockets of risk that we see are important,” Mr Morneau said. “We think this is an important step and, as we see the market progress, we will stay focused in a way that allows us to consider whether anything is needed in the future.”

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