RBC CEO: Housing concerns could inhibit Canada's future economic growth

Royal Bank of Canada's Chief Executive Dave McKay crossed the wires, via Reuters, suggesting that overheating housing markets could inhibit Canada's economic growth.

Key quotes (via Reuters)

• Concerned by supply and demand imbalances, low-interest rates, speculative activity
• Factors have pushed house prices to unsustainable levels, stressing households, locking people out of market
• Would welcome effort by government to coordinate efforts to address housing market concerns