Does this sound vaguely familiar?

The Canadian government is closely monitoring the country's housing market, which some analysts fear is overheated, Prime Minister Justin Trudeau said on Friday.

"It's something that we are never finished doing, we continue to work very closely with all partners to ensure that Canadians have confidence in their homes and in the future," Trudeau said during a news conference before a Reuters Newsmaker event in Toronto.

The federal Liberal government, which took power late last year, said on Monday it would tighten mortgage rules and close a tax loophole on home sales, seeking to rein in both foreign investors and indebted consumers.

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