RBA warnings on hot property market echo in Vancouver

Will WillittsDesk editor

Updated Jun 10, 2016 – 10.29am, first published at 10.15am

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RBA governor Glenn Stevens has been joined by his Canadian counterpart in warning about frothy property markets that may come undone.

Speaking in Ottawa on Thursday, Bank of Canada governor Stephen Poloz said the rapid pace of home price increases in Vancouver, where an influx of Chinese investment has sent home prices skyrocketting, and in the country's biggest city of Toronto was unlikely to continue.