Bank of Canada Struggles with Housing Affordability Challenges

A top official at the Bank of Canada says monetary policymakers are struggling to address persistent housing affordability challenges.

Senior Deputy Governor Carolyn Rogers spoke in Victoria, B.C., and highlighted the complex interplay between housing, regulation, the economy, and the Bank's own role.

Rogers noted that housing plays an outsized role in Canada's economy compared to other jurisdictions, making it a thorny issue to tackle.