Reuters: US Dollar Report: Canada banks tightening mortgage lending: finmin

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Canada banks tightening mortgage lending: finmin Apr 4th 2012, 21:12 VANCOUVER, April 4 | Wed Apr 4, 2012 5:12pm EDT VANCOUVER, April 4 (Reuters) - Canada's finance minister said on Wednesday he would rather not tighten mortgage rules again to curb high household debt and that banks themselves are taking on that job by becoming more strict with their lending criteria. Flaherty said he has seen signs of moderation in the Toronto condominium market and expects to see a similar trend in Vancouver, one of the country's hottest real estate markets.

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