Bank of Canada says government efforts to curb housing crisis will help 'gradually'

The Bank of Canada says record levels of immigration are driving up the cost of housing and recent government efforts to cut the number of non-permanent residents and encourage home building will help lower housing costs, but "only gradually."

Bank of Canada says government efforts to curb housing crisis will help 'gradually'
A woman in a suit sits next to a man in a suit as watches him as he speaks to reporters.

The Bank of Canada says record levels of immigration are driving up the cost of housing and recent government efforts to cut the number of non-permanent residents and encourage home building will help lower housing costs, but "only gradually."