Canada’s new immigration curbs have slowed increases in population, but government projections of near-zero growth over the next two years are likely “off the mark,” said an economist with Canadian Imperial Bank of Commerce.
“The housing crisis of the last decade was in many ways a planning issue as under-counting of population growth has resulted in a suboptimal increase in housing supply,” he said in the report. “We fear that we are in a process of repeating past mistakes.”
