Cooling measures likely as Canada home prices keep heading north
Ottawa
LOW borrowing costs and hot demand in key urban centres will keep pushing Canadian house prices higher this year, a Reuters poll showed, pressuring policymakers to take further steps to rein in a market that more specialists are calling a bubble.
Most economists polled said there was a risk of a sharp correction in Toronto and Vancouver, two of the country's most expensive markets, though they were divided on the likelihood that Canada as a whole would see a painful pullback.
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