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Dario Ayala/For The Globe and Mail
The chief executive of Bank of Montreal says policy makers and regulators should “plan urgently” in case they need to step in to help cool overheating housing markets – but adds that they should wait and see what happens in the coming weeks.
Markets in some parts of Canada are “literally evolving weekly,” Darryl White said in an interview Wednesday after BMO’s annual shareholders meeting. Some of the activity comes from demand that has been pulled forward amid the pandemic, adding fuel to the typically busy spring season, he said. And while there is “a reasonable supply” of new listings, too few new homes are being built, he said, leaving “an imbalance” with ri
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