With rising rents and house prices making it increasingly harder to find a place to live, some are pointing the finger at Canada’s record-level immigration rates.
With rising rents and house prices making it increasingly harder to find a place to live, some are pointing the finger at Canada’s record-level immigration rates.
This is the best summary I could come up with:
With rising rents and house prices making it increasingly hard to find an affordable place to live, some are pointing the finger at Canada’s record-level immigration rates.
High interest rates, increasing building costs and red tape at the municipal level that can slow down or halt home construction are all part of the picture.
But to tackle the pressure being created by immigration, some are now openly discussing forging a public policy link between how many people Canada takes in each year and the state of the country’s housing stock.
Pomeroy said that while the annual immigration target has been well managed, provincial and federal governments have lost control of non-permanent resident programs that bring in students and temporary workers.
“There are some institutions in different parts of this country that, I have the sincerely held belief, have come to exist just to exploit the program for the personal financial gains of the people behind some of these schools, if we can call them that,” he said.
“I think what’s happened probably since the 1990s is that different corporations in Canada, business lobby groups, have seen more immigration as just an unambiguously good thing,” said Christopher Worswick, economics chair at Carleton University.
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