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.
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.
