Canada must immediately boost housing starts by 50% to keep fundamental demand for housing from racing ahead of supply. Read on.
by almost 50 per cent to keep fundamental demand for housing from racing ahead of supply. They aren’t confident that will happen.
The Liberal government of Justin Trudeau is planning a big increase in immigration targets over three years: 465,000 permanent residents in 2023; 485,000 in 2024; and 500,000 in 2025. One of the reasons is to help tackle historic levels of job vacancies. Victor Dodig, chief executive of the Canadian Imperial Bank of Commerce, told an audience at the Canadian Club Toronto on Feb. 14 that the influx of immigrants will set off the “” over the next decade if something isn’t done to correct the housing shortage.
However, the Desjardins economists said Ontario Premier Doug Ford’s “ambitious” plan to encourage the construction of 1.5 million homes would help alleviate the problem.Article contentwere headed in the wrong direction, as they fell to their lowest since September 2020 in January, when builders started work on homes at a pace that would yield 215,365 over a year.
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CIBC's Dodig warns Canada risks 'largest social crisis' if housing supply, immigration don't matchCIBC\u0027s CEO told a Toronto audience \u0027the whole ecosystem has to work\u0027 to make a success of Ottawa\u0027s ambitious immigration targets. Read on.
Read more »
CIBC's Dodig warns Canada risks 'largest social crisis' if housing supply, immigration don't matchCIBC\u0027s CEO told a Toronto audience \u0027the whole ecosystem has to work\u0027 to make a success of Ottawa\u0027s ambitious immigration targets. Read on.
Read more »
CIBC's Dodig warns Canada risks 'largest social crisis' if housing supply, immigration don't matchCIBC\u0027s CEO told a Toronto audience \u0027the whole ecosystem has to work\u0027 to make a success of Ottawa\u0027s ambitious immigration targets. Read on.
Read more »
CIBC's Dodig warns Canada risks 'largest social crisis' if housing supply, immigration don't matchCIBC\u0027s CEO told a Toronto audience \u0027the whole ecosystem has to work\u0027 to make a success of Ottawa\u0027s ambitious immigration targets. Read on.
Read more »
CIBC's Dodig warns Canada risks 'largest social crisis' if housing supply, immigration don't matchCIBC\u0027s CEO told a Toronto audience \u0027the whole ecosystem has to work\u0027 to make a success of Ottawa\u0027s ambitious immigration targets. Read on.
Read more »
CIBC's Dodig warns Canada risks 'largest social crisis' if housing supply, immigration don't matchCIBC\u0027s CEO told a Toronto audience \u0027the whole ecosystem has to work\u0027 to make a success of Ottawa\u0027s ambitious immigration targets. Read on.
Read more »