Victor Dodig called on policymakers Tuesday to address housing supply and affordability issues, which could become major challenges for newcomers as Canada prepares to increase immigration to 500,000 people a year by 2025. “That is going to be the largest crisis if we don’t get it right over the next 10 years,” Dodig said at a Toronto event. (The Logic)

Talking point: Dodig’s comments (which echo his commentary published in the Financial Post in October) come as Desjardins and the non-profit group Century Initiative noted in separate reports that a lack of housing and high costs of living could pose risks to the country’s immigration goals. “New Canadians want to establish a life here. They need a roof over their head,” he said. “We need to get that policy right and not wave the flag saying, ‘Isn’t it great that everyone wants to come to Canada?’ The quality of life here has to be good as well.” Dodig spoke on a panel with 3M Canada President Penny Wise and ApplyBoard CEO Martin Basiri, who also said Canada needs to focus on targeting immigration policy to attract and retain foreign talent to become the “AI super hub of the world.”