Surge in newcomers putting pressure on inflation via housing demand: BoC official
The recent surge in newcomers is adding to inflation through housing demand, a senior Bank of Canada official said Thursday, warning rental and home prices could continue to rise without a boost to housing supply.
![Surge in newcomers putting pressure on inflation via housing demand: BoC official](https://i.cbc.ca/1.7052841.1701998574!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/bank-of-canada.jpg)
![The Bank of Canada is seen Wednesday September 6, 2017 in Ottawa. A building that says Bank of Canada on it.](https://i.cbc.ca/1.7052841.1701998574!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/bank-of-canada.jpg)
The recent surge in newcomers is adding to inflation through housing demand, a senior Bank of Canada official said Thursday, warning rental and home prices could continue to rise without a boost to housing supply.