Rogers rejected the use of benchmark interest rates to directly control house prices, noting that such a strategy would risk eroding household wealth and stalling construction. She further cautioned against removing mortgage costs from the Consumer Price Index, which she said would eliminate a real cost currently paid by most households.
Tuesday, October 20, 2026
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Bank of Canada Says Canada Far From Restoring Housing Affordability
Global Markets19 days ago
Senior Deputy Governor Rogers argued that Canada needs a policy mix of better infrastructure, improved planning and increased supply to address the lack of housing affordability. While the country is moving in the right direction, she stated on Oct. 1 that it has a way to go and requires a broad, sustained effort to see results.
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