The Globe and Mail reports in its Saturday edition that the Bank of Canada's second in command says the central bank remains confident that Canada's housing sector will achieve a soft landing. The Globe's David Parkinson writes that BOC deputy governor Carolyn Wilkins said: "Our base case, and one that we outlined in the [October monetary policy report], is that the housing market and household debt are going to evolve in a constructive way. ... We don't see the risk as part of our base case at all." Last week, the Organization for Economic Co-operation and Development warned in its twice-yearly global economic outlook that the risk of "a sharp market correction" is rising in Toronto, Canada's biggest regional housing market. It pointed to a glut of new and unoccupied housing units in the city as a danger sign. It also noted that Canada's new-home construction starts, which have been trending above a 200,000 annualized rate in recent months, "are running at the higher end of demographic requirements." However, the OECD also said the Toronto and Ontario markets are being supported by "relatively buoyant" economic growth and solid demand from foreign buyers, aided by a weaker Canadian dollar.