Chinese Home Prices Rise
China’s new home prices rose in October in more cities than the previous month, indicating the government will refrain from relaxing curbs on the property market.
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CIBC's Tal: We Need to Monitor Subprime Loans in Canada
23:41 - According to the latest report from CMHC, condo building activity in Toronto appears to be "well managed," unlike the 1980s housing bubble. Yet, BOC Governor Stephen Poloz recently addressed the pace of rising home prices in Canada's two hottest markets - Toronto and Vancouver. Benjamin Tal, deputy chief economist at CIBC World Markets, joins Bloomberg TV Canada's Amanda Lang to discuss the current state of the Canadian housing market, where it's headed and what measures need to be taken to "cool" foreign buyers. (Source: Bloomberg)