The Canadian Press

2015-03-18 | Harper Housing Market

Preview Clip

With the country's housing market already hot, big banks and other lenders are cutting mortgage rates to kick off the spring real-estate season. Prime Minister Stephen Harper says the federal government is keeping a careful watch on the borrowing and lending situation. (Many experts have expressed concern that Canadians have piled on too much debt and that housing markets in Toronto and Vancouver have become overheated.)

Date: 2015-03-18
Placeline: TORONTO.
Source: The Canadian Press
Length: 23 seconds

Transcript Prediction: << are financial institutions remain very strong and very well capitalized and in terms of of owners and those who hold the Mortgage Debt a Debt Service and cost continue to fall in art record levels default rates are extremely low so I'm not saying I'm I'm concerned but we are watching it we're not planning to take any immediate action >>