Tuesday, March 16, 2010

Housing Market Still Healthy in Canada

Sales of existing homes in Canada slipped for the second straight month, but Canadian Finance Minister Jim Flaherty says he expects demand to pick up in the spring.

Flaherty, who is in the United States to promote investment in his country, says Canada has escaped both the housing bubble and the foreclosure mess.

"I think we're going in the right direction," Flaherty says.

Source: Reuters News, Walden Siew (03/15/2010)

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