Business Leaders Say Housing Biggest Risk to Economy: KPMG Survey

A new housing development is constructed just outside the edge of the Duffins Rouge Agricultural Preserve, part of Ontario's Greenbelt, on May 15, 2023. The Canadian Press/Chris Young

Business leaders see the housing crisis as the biggest risk to the economy, a new survey from KPMG Canada shows.

It found 94 percent of respondents agreed that high housing costs and a lack of supply are the top risk, and that housing should be a main focus in the upcoming federal budget. The survey questioned 534 businesses.