Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Flaherty Says Cooling of Housing Market Would Be a Good Thing

June 29 (Bloomberg) -- Canadian Finance Minister Jim Flaherty said the government is willing to accept the possibility of slower economic growth in exchange for cooling off the country’s housing market.

Flaherty, speaking on a conference call with reporters today, said he realizes the tougher mortgage rules he announced last week may have a “dampening effect” on the economy and the residential real eatate market.

“We’re prepared to take that risk, quite frankly, because of the greater risk of the development over time of a housing bubble,” he said, adding he’s “very concerned with the condo market in Canada’s largest cities.”

To contact the reporter on this story: Andrew Mayeda in Ottawa at

To contact the editor responsible for this story: Theophilos Argitis at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.