Realtors Blame Flaherty as Slump Deepens
TARA PERKINS - REAL ESTATE REPORTER
The Globe and Mail
Published Monday, Dec. 17 2012
The market for home sales is chilling further after months of decline – and it’s putting Finance Minister Jim Flaherty on the hot seat. New data show sales deteriorating in November, and the association that represents Canadian realtors says sales will fall, not rise, this year and next. Mr. Flaherty, who sought to cool the market this summer by tightening mortgage insurance rules, says his actions are only one part of the story and that Canadians are voluntarily curbing their appetites for mortgage debt. Union members and supporters march to the Michigan State Capitol building to protest against right-to-work legislation in Lansing, Michigan December 11, 2012. The…