In his latest interest rate announcement , Bank of Canada Governor Stephen Poloz expressed concern about household debt and the housing market, and hinted at a future rate cut. How would a lower cost of borrowing impact the future housing market? Christopher Alexander, Executive Vice President and Regional Director, RE/MAX of Ontario-Atlantic Region, told BNN Bloomberg that Canada’s housing market shortage is the bigger concern – one that requires a national housing strategy. “The the real story is the serious lack of housing supply that we have,” Alexander told BNN. “There’s a huge delta between [supply] and demand, and there’s no national housing strategy to alleviate some of that pressure.” Canada’s population is expected to grow by about 10 million people over the next 25 to 35 years. Alexander notes the lack of housing strategy that would accommodate this growth. “In Ontario alone, particularly southern Ontario, we’ve had about 110,000 to 115,000 people move to the Gre