Flaherty won't tighten mortgage rules, yet | Canada | News | Toronto Sun: "OTTAWA — The federal government has no plans to clamp down on the housing market with new, tougher rules for mortgages, the finance minister says.
But Finance Minister Jim Flaherty said he's not against the idea if the market changes.
“Our concern is always ensuring that the housing market does not overheat, and in particular that the mortgage market does not overheat,” Flaherty said Monday.
Concerns have been raised by economists in the last few weeks about the possibility of a housing bubble getting ready to burst and about the level of debt Canadian households are carrying. The average Canadian household is carrying a debt equal to 146% of"