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Canada tackles runaway home prices in Toronto, Vancouver

3 federal agencies announce tightening measures, aiming to reduce risk to nation's financial system

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The balancing act for Finance Minister Bill Morneau is to target higher-end homes in Toronto and Vancouver, without precipitating a major decline elsewhere in the country where prices are falling or flat.

Ottawa

CANADIAN regulators are seeking to clamp down on runaway prices in the country's two most expensive housing markets - Toronto and Vancouver.

In a coordinated effort by the three federal agencies that oversee home borrowing, Canadian authorities on Friday said that they would

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