Holes in housing market data have economists worried

Canada’s financial leaders are under pressure to provide a clearer picture of the housing market, in the face of conflicting opinions about the health of a sector that is crucial to the national economy.

The issue came to the forefront Thursday after Canadian Imperial Bank of Commerce economist Benjamin Tal released a strongly worded note, titled “Flying Blind,” in which he said “the gap between the importance of the real estate market to the economy and the lack of publicly available information on it is mind-boggling.”

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