IMF Raises Red Flag About Canada’s ‘Overheated’ Housing Market

IMF raises red flag about Canada’s ‘overheated’ housing market

The International Monetary Fund has raised an alarm about Canadian real estate in a report that says Ottawa’s efforts to tame the market have only been partially effective. As Canada’s economy absorbs the impact of a 50% decline in oil prices, its two main vulnerable areas remain its overheated housing markets and high household debt, says…