The governor of the Bank of Canada says that the Ontario Fair Housing Plan should help tackle the city’s fast-rising prices.

Stephen Poloz said that even though the impact of similar moves in Vancouver are still being assessed, they appear to have curbed price rises and the Toronto plan was welcomed.

The governor said that policy changes were a more effective way to control housing markets than interest rate rises.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate


More market watch: