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REFILE-Bank of Canada sees signs of more housing market investment activity -deputy governor interview

(Corrects to clarify quote in second paragraph with context in parentheses)

TORONTO, March 23 (Reuters) - The Bank of Canada has anecdotal evidence and limited data that shows investment activity and home flipping is rising in certain Canadian housing markets, a deputy governor told Reuters on Tuesday.

In some cities “we have data on investment purpose, versus living-in purpose ... we have data on how long before it went back on the market. Those things ... they (would) indicate a lot more investment activity, a lot more flipping,” deputy governor Toni Gravelle said in an interview.

The central bank is doing a lot of analysis on housing, some of which may be ready in time for the Monetary Policy Report in April, but is likely to be more of a focus in the May Financial System Review, Gravelle said. (Reporting by Fergal Smith)

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