1607 ET - At present, the Bank of Canada doesn't view the state of the country's housing market as a risk to financial stability, says the central bank's No. 2 official, Carolyn Rogers. She tells WSJ that the decline in both sales of existing homes and benchmark prices is tied to two factors: the pervasive uncertainty over U.S. trade policy, which is prompting consumers from making big purchases; and new limits in Canada on immigration. Both are tamping down demand, and alongside new supply, such as condominiums, coming on the market, "prices are reacting," Rogers says. She adds that a year ago, the big concern was rising home prices and the need for them to soften to make "housing more affordable and make the economy function better." (paul.vieira@wsj.com; @paulvieira)

(END) Dow Jones Newswires

May 08, 2025 16:07 ET (20:07 GMT)

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