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Oliver to Realtors: “Ottawa Will Stay out of Market; No Bubble Seen.”

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by Katia Dmitrieva and Josh Wingrove, Bloomberg News Canadian Finance Minister Joe Oliver said he’s confident the country’s housing market isn’t in a bubble, setting aside any further action to curb activity. The government, which has made four changes to housing finance rules since 2008 to cool booming sales and rising prices, is satisfied with …

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Speculative Buying Drove Crash: Report

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by Cristina Silva LAS VEGAS — A new report shows real estate investors played a larger role than originally thought in driving the housing bubble in the United States that led to record foreclosures and left the economy reeling in Nevada, California, Arizona, Florida and other states. Researchers with the Federal Reserve Bank of New …

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