Quote:
Originally Posted by chemgear
Nothing to worry about, it's all good folks: http://business.financialpost.com/20...bble-flaherty/
Asked at a news conference in New York what it would take for Canada to act again to cool the market, he said: “It will take clear evidence of a bubble in the housing market in Canada, which we have not seen.”
Asked what would constitute evidence of a bubble, Mr. Flaherty said: “If we saw dramatic surges in prices in some part of the country. There’s some demand in Vancouver in particular, particularly from the Asian people coming to Canada who are investing in real estate. So there’s some demand there that is unusual in terms of the entire country, but overall across the country there’s been some moderation, which is good.”
Arguments aside about whether there is a bubble or not, I have to admit that I'm more curious if a politician can ever really say anything different than this - I assume not. |
In the Globe and Mail last week:
Doesn't have to mean anything but . . . . . .
Cowperson