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Canada won't clamp down for now as housing prices rise again

Reuters
Latest housing numbers show both sales and prices are up nationally from this time last year, but not everyone is happy about it

OTTAWA (Reuters) - The Canadian government has no plans to clamp down for now on the housing market even though housing prices are rising again, Finance Minister Jim Flaherty said on Monday. But he pledged to investigate if a temporary bubble was forming.

Flaherty also said he would balance the budget in the fiscal year 2015/16 and would deliver "not a tiny surplus".

(Reporting by Louise Egan and David Ljunggren; Writing by Randall Palmer; Editing by Janet Guttsman and Chizu Nomiyama)