Canada home prices rise further, government says to remain vigilant

By Andrea Hopkins and Alastair Sharp

OTTAWA/TORONTO (Reuters) – The Canadian government will closely watch the country’s housing market but has no imminent plans for further cooling measures, its finance minister said on Thursday, as data showed prices were still on the rise.

Canadian resale home prices rose in September, while new home prices were up in August, separate reports showed, suggesting that slowing sales in some regions have not cooled prices.

Low borrowing costs have kept Canada’s housing market robust since the financial crisis, but surging prices in Toronto and Vancouver have fueled concerns about a potential housing …
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