Canada not considering housing measures at this stage: Morneau

THINK OUTSIDE THE BOX:  Although no further changes are currently on the table for mortgage financing, the government will continue to monitor Canada’s housing market.

Canadian Finance Minister Bill Morneau said the government is not considering any additional measures to tighten housing finance rules “at this stage” but is monitoring the market to ensure risk levels are appropriate.

“We continue to monitor the housing market to make sure the risks are appropriate for the market. We don’t have any measures under consideration at this stage but we will continue to monitor to ensure the housing market is stable and that people are protected in their important investment,” Morneau told reporters in Toronto after meeting with private-sector economists in preparation for the federal budget.

Andrea Hopkins ; Editing by Chizu Nomiyama      MSN Money-Reuters      January 13, 2017

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