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Scotia's Global Markets Chief Sees Role for Banks in Canada Housing Crunch


While there is no “silver-bullet solution,” a concerted push is needed to boost housing supply, he said.
“We need all levels of government municipal, provincial and federal to work together to ease obstacles to construction for all forms of housing,” Lawrence said. “Whether it’s affordable, whether it’s rentals or owned accommodations, a key step is getting more supply in the market.”
Lawrence spoke a day after Scotiabank announced a commitment to provide C$10 billion ($8 billion) in support of efforts by the Canada Mortgage & Housing Corp., the nation’s housing agency and main provider of mortgage insurance, to improve housing affordability. ....

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