Jun
13
Canada Should Tighten Rules to Mitigate Housing Risks, OECD Says
By-
Canada’s ratio of residential investment-to-GDP tops group
-
OECD: Sharp gains in home prices poses ‘vulnerabilities’
Canada should consider further housing-market restrictions to avoid a crash, the Organisation for Economic Cooperation and Development said, adding another voice to the recent chorus of those warning rapid price gains may be unsustainable.
The country has the highest ratio of residential investment to gross domestic product among the 34 OECD nations, and household debt equal to 168 percent of disposable income is also near the top of the group, the Paris-based group said in its annual review of the Canada’s economy published Monday…
Canada Should Tighten Rules to Mitigate Housing Risks, OECD Says
