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Bank of Canada's Housing Affordability Limitations
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Bank of Canada's Tiff Macklem acknowledges the limitations of monetary policy in addressing housing affordability due to supply shortages and population growth. Rate increases have dampened housing demand but not reversed significant house-price gains recorded during the pandemic.
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How might the challenges faced by the Bank of Canada in addressing housing affordability reflect broader economic issues?
How might the limited influence of the Bank of Canada on addressing housing affordability impact economic stability?
What other factors, aside from monetary policy, could contribute to addressing the housing affordability crisis?
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