Canada’s housing gap much bigger than projected, says CIBC ...Middle East

Breadcrumb Trail Links News Canada’s housing shortage boils down to a forecasting failure, says economist Published Feb 07, 2024  •  5 minute read CIBC estimates Canada’s housing gap is much wider than the CMHC projected. Photo by Getty Images/iStockphoto Article content Current projections for the amount of additional housing Canada needs are way off the mark and out-of-date population forecasting is to blame, according to one top economist. Article content Canada needs to build five million extra units by 2030 on top of annual construction, said Benjamin Tal, deputy-chief economist with CIBC World Markets in a report on Feb. 6.  That’s well above widely circulated est

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