Free Trial

MNI BRIEF: Canada Regulator Cites Supply In Home Price Surge

(MNI) OTTAWA
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

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.