https://financialpost.com/news/cibc-warns-canada-housing-market-worse-off-than-thought
Canada’s housing correction drags on, data showed us yesterday, but with the sector representing a bigger chunk of our GDP than most other G7 countries, what does that mean for the economy?
CIBC economists Benjamin Tal and Katherine Judge looked at this question in a report out yesterday, and concluded that not only is the economic impact “not trivial,” the damage is deeper than some official statistics would suggest.
Housing starts in Canada on the surface appear remarkably resilient, advancing five per cent in 2025 from the year before, according to data from the Canada Mortgage and Housing Corporation.
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https://financialpost.com/news/cibc-warns-canada-housing-market-worse-off-than-thought
