CIBC World Markets: Population Growth

Housing Market Dept: 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, according to CTV. Tal said the group aged between 25 and 34 -- the age group that makes up the vast majority of first-time buyers -- will continue to grow and 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. This demographically driven fear is much ado about nothing, Benjamin Tal, deputy chief economist at CIBC World Markets, said Thursday. (www.immigrantscanada.com). As reported in the news.