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IMF Raises Red Flag About Canada’s ‘Overheated’ Housing Market

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IMF raises red flag about Canada’s ‘overheated’ housing market

The International Monetary Fund has raised an alarm about Canadian real estate in a report that says Ottawa’s efforts to tame the market have only been partially effective. As Canada’s economy absorbs the impact of a 50% decline in oil prices, its two main vulnerable areas remain its overheated housing markets and high household debt, says…

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