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Benjamin Tal is the Deputy Chief Economist at CIBC. He is responsible for analyzing economic developments and their implications for North American fixed income, equity, foreign exchange and commodities markets. Mr. Tal is a member of the Economic Committee of The Canadian Chamber of Commerce and a board member of the Toronto Association for Business and Economics (TABE).
CIBC’s deputy chief economist says we need to change how we think about renting.
Fundamentals remain strong.
Faced with choice of inflation or recession, BoC will choose recession.
But risk of recession remains, CIBC's Tal says.
CIBC's Tal thinks the market can adjust without a correction.
Low rates, secure income and generous parents have all played a role.
A decrease in government assistance could help labour market, economist says.
As with everything in the pandemic economy, inflation is hard to predict.
Canadians may need to adjust their attitudes about home ownership.
Outperformance won’t last, Benjamin Tal says.