Real Estate Developer and Benjamin Tal

Benjamin Tal: "Ask any real estate developer in any of Canada major cities about the risk of overbuilding, and the first line of defence would be immigration and its critical role in supporting demand," economist Benjamin Tal said in a report Wednesday. "It turns out that at least for now, this claim is more valid than widely believed." , according to CBC. But even that large figure underestimates a fairly significant chunk of people who need housing, the bank says. Fears that Canada is building far more condominiums than it needs are overblown because of the hundreds of thousands of immigrants who are moving here in increasing numbers, one of Canada biggest banks says. Immigrants already represent about 70 per cent of Canada population growth at the moment and half of those who come to Canada are in the prime homebuying age range of between 20 and 45. Housing numbers tell tale of 2 cities: houses vs. condos Shoddy buildings raise spectre that new condos will become slums (www.immigrantscanada.com). As reported in the news.