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Housing policy must cool market imbalance: RBC CEO

 Video: Bloomberg News

Amid a scorching real estate market, the head of the Royal Bank of Canada warned that the country needs short-term policy changes to cool the stark supply and demand mismatch.

“I do think we have a supply-demand imbalance that’s causing a very strong, heated marketplace,” RBC’s chief executive officer Dave McKay said in an interview. “I do believe… that we do need to start invoking some policy change in the short-term.”




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Location: Hamilton, ON, Canada

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