Economist Benjamin Tal sees housing recovery in 2027, and a new normal

by Kerry Gold

Vancouver’s housing market is in a transition year and heading toward recovery, predicts economist Benjamin Tal, a key figure in Canadian real estate for identifying market trends and advising industry leaders and government.

“The way I look at it, I see 2026 as a transition year between something bad to something better,” said Mr. Tal, managing director and deputy chief economist for CIBC Capital Markets Inc.

Economist Benjamin Tal: “I think that you will see more people entering the market, realizing that that’s the bottom as far as the Bank of Canada is concerned.”
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