A recent CIBC report raises concerns about the Canadian housing market, suggesting that overstated housing start figures may be masking underlying economic vulnerabilities. While the Canada Mortgage and Housing Corp. reported a 5.6% increase in housing starts for 2025, CIBC deputy chief economist Benjamin Tal argues that these numbers are potentially misleading and don’t reflect the true pace of construction. <\/p>\n
Tal emphasizes that falling property values could impact homeowners’ wealth perception, leading to increased savings rather than spending. While lower prices may offer opportunities for first-time buyers in the GTA, Tal cautions that it’s not a sustainable solution for long-term affordability. He urges all levels of government to address the underlying costs of homeownership to stimulate supply across Canada. For a deeper dive into CIBC’s analysis and its implications for the GTA market, read the full article on BNN Bloomberg. <\/p>\n
[Link to original article: https:\/\/www.bnnbloomberg.ca\/business\/real-estate\/2026\/02\/18\/cibc-warns-overstated-housing-starts-mask-economic-weakness-in-canada\/]<\/p>\n
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