Speaking to the Economic Club in Toronto on June 23, Finance Minister Bill Morneau said that federal authorities have established plans to work closely with the governments of British Columbia and Ontario, as well as Vancouver and Toronto city officials, to monitor the country’s currently red-hot real estate sector.

As reported by CBC News, Morneau said that the cooperative venture will aim to address the burning questions of what exactly is driving the seemingly out-of-control price growth affecting Canada’s most in-demand markets.

Read more on: www.canadianrealestatemagazine.ca