[Canadianimmigrant.ca]
The influx of immigrants and the continued purchasing power of younger home buyers in the age group of 25-34 will help the housing market, says a senior economist at CIBC.
“It turns out fears of a long and sharp down turn in the housing market are highly exaggerated and very premature,” says Benjamin Tal, deputy chief economist at CIBC. “In fact, demographic forces will be supportive to real estate markets in the coming decade.”
Original article: http://canadianimmigrant.ca/money/immigrants-young-homebuyers-help-housing-market