CIBC World Markets: Deputy Chief Economist

Benjamin Tal Dept: A widely anticipated downturn in the housing market may not be as bad as feared because the important 25-34 age group will continue to buy houses some with help from their well-off parents, says a senior economist at CIBC World Markets, according to Winnipeg Free Press. "This demographically driven fear is much ado about nothing," Benjamin Tal, deputy chief economist at CIBC World Markets, said Thursday and for sale signs stand in front of a condominium Tuesday, September 27, 2011 in Montreal. THE CANADIAN PRESS/Ryan Remiorz The analysis takes aim at a theory that population growth won't be strong enough to sustain demand, putting downward pressure on housing prices that have risen dramatically during a years-long period of relatively low interest rates. (www.immigrantscanada.com). As reported in the news.