94% of Canadian business leaders in a KPMG survey identify the housing crisis as the top economic risk, citing its impact on wages, talent, and inflation.
94% of Canadian business leaders in a KPMG survey view the housing crisis as the biggest risk to the economy. High housing costs and a lack of supply are forcing businesses to raise wages and affect talent attraction, with 87% of respondents stating it impacts inflation. Businesses call for increased public-private collaboration and tax measures to make housing payments more affordable, including allowing mortgage interest deductions.
March 27, 2024
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