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Flaherty sees no 'doom and gloom' in housing market

Blog by Brad Herman | May 28th, 2013

There's no "doom and gloom" in Canada's housing market, Finance Minister Jim Flaherty said on Monday, suggesting he sees a soft landing rather than a U.S.-style collapse as demand and prices cool.

"When I look at the housing market, I'm looking for the 'doom and gloom.' I don't see the 'doom and gloom,'" Flaherty told reporters, referring to market players who predict Canada has a housing bubble on the verge of bursting.