(Source: CTV News)

Finance Minister Jim Flaherty says he’s watching the country’s hot real estate market closely, and may impose measures to make it harder for Canadians to obtain a mortgage.

“If we see further evidence that there is excessive demand in the housing market or that there’s an indication that people are taking on obligations that they will not be able to handle in the future when interest rates rise, then we will take some action,” Flaherty said on CTV’s Question Period, which will air this week.

He added that he’s considering a few different options to cool down the housing market if it’s deemed necessary.

Read Graham Richardson’s “Flaherty considering measures to cool housing market” in CTV News (December 20, 2009).

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