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MNI BRIEF: Canada Regulator Cites Supply In Home Price Surge

OTTAWA (MNI)

Canada's top bank regulator linked the surge in the country's housing prices to a lack of supply, noting that past efforts at regulation have focused on reining in demand.

"The supply of housing is not keeping up with the growth in households," OSFI Superintendent Peter Routledge said while answering questions after a speech on Thursday. "That is adding additional price pressure." Regulators over the next three our four years have a chance to bring supply and demand more in line, he said.

MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

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