in the face of a declining fertility rate, which hit a record low last year. With the pandemic triggering early retirements among aging Canadians, attracting immigrants has grown more important. Also, the country targets high-skilled immigrants who tend bring in money and earn enough to compete for desirable housing.
Housing costs have surged due largely to low interest rates and a supply shortage. Migration was another factor, especially pre-pandemic. Now that most borders are open again, more newcomers are likely.. Government plans to mitigate housing costs will take time to put in place, and some measures may further strengthen demand, economists say.
Still, ongoing construction and the need for labour justify more immigration. Canada has reached a point where the labour force will “flatline” without immigration, Brown said.Article content
Canada is in the mids of a severe housing crisis. Government brings over 400k new people to this country and has no respect for how they will be housed. Seems like one of the solutions is to expand rooming houses and encourage Canadians to continue to rent their basements.
Let’s see what happens when the interest rate goes up. And it will. The wages do not support the cost of a home in this country. Something is very out of whack here.
I own 8 investment properties. 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
wow so many people have no idea how many millionaires or upper middle class there are in countries.. guess how many millionaires in India with 800 million population... or China Yeah they fly to Toronto and bid up house stock... this ain't rocket science
Lol, my wife needs to speed up the painting. Big daddy wants to sell.
And pay taxes to support the oppressive boomers and gen X so the Millennials and gen Z don’t have to take the brunt of the cost on a broken system supported by this news paper. stop being racist
Total horseshit. What is adding fuel is equity funds manipulating the housing market. And when their scam crumbles, the very people who have been damaged by it will be bailing the lying and cheating scumbags out. The NP is just the communications proxy for this theft program.