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Canada Could Be Underestimating Population by 1 Million, Economist Says

CIBC Report Finds Affordability Issues May Be Driven by Non-Permanent Resident Miscalculation
CIBC Square in Toronto. A new report from the bank suggests some aspects of the country's population may be underestimated by one million people. (CoStar)
CIBC Square in Toronto. A new report from the bank suggests some aspects of the country's population may be underestimated by one million people. (CoStar)
CoStar News
August 30, 2023 | 9:20 P.M.

What if Canada's population count was off by 1 million people? That might be the case, according to a new report, and would mean more bad news for the nation's housing affordability.

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