Private-sector economists are pressing Finance Minister Jim Flaherty to keep a closer eye on Canada’s housing market in light of persistently low interest rates.
The concern was expressed during a closed-door meeting on Monday with the minister ahead of the federal government’s fall economic update, which is expected in early November.
After the meeting, Mr. Flaherty said that he has no intention of interfering in the housing market “at the time being” but that he plans to meet with developers to learn more about what could be fuelling the sector’s recent steam.
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