Bank of Canada says rising housing prices in Toronto unsustainable
MEXICO CITY (Reuters) - Bank of Canada Governor Stephen Poloz said Thursday that rising housing prices in Toronto are driven in part by speculation and are not sustainable.
In a speech to business leaders in Mexico, Poloz added that he hopes that macro-prudential rules that the government has put in place will help to calm the housing market.
(Reporting by Anthony Esposito)
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