Ottawa looking at ways to ‘kickstart’ housing market, Housing Minister says

by Ian Bailey

Developers have been delaying or cancelling housing projects because of a downturn in the real estate market.

The federal Housing Minister says the government is considering some form of intervention to deal with turmoil in the residential real estate sector, which has led to slumping sales across Canada, the cancellation of new housing projects and layoffs in the land development industry.

Gregor Robertson said Ottawa is trying to decide what to do about the situation, which is raising alarm in the industry.

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