Posted 2/1/2024, 9:52:18 PM
Bank of Canada: Interest Rates Not the Solution to Housing Crisis, Supply Increase Needed
- Bank of Canada governor says interest rates can't solve housing crisis, supply shortage is the root cause
- Housing tightness continues to drive high inflation
- Government should focus on increasing housing supply to improve affordability
- Policies that stimulate housing demand could worsen crisis
- Bank of Canada shifting discussions to how long to maintain restrictive interest rate of 5%