Industry Perspectives Op-Ed: Trudeau government doubles down on missing the mark

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One result stood out. Seventy per cent of Canadians agreed with the statement: “It feels like everything is broken in this country right now.”

It seems every day there is a new report telling Canadians what they already know – buying or staying in a home has never been harder in this country. Just last week, RBC reported it is the “toughest time ever” to afford a home and that the share of household income needed to cover ownership costs is now 64 per cent in Canada and an almost inconceivable 106 per cent in Vancouver and 85 per cent in Toronto.

Part of the answer is immigration. However, our immigration system is failing us. Last year we added a city the size of Calgary to our national population, and we are on track to do the same in 2024. In 2021 there was a total of 1.3 million non-permanent residents in Canada; today we have 2.6 million. We must find a better balance, attract the people with the right skills to power our economy and in numbers that our schools, hospitals, transit systems and housing stock can reasonably absorb.

One federal minister stated Ottawa is “not interested in funding LNG projects.” He missed the point completely. No one was asking Ottawa to fund anything; they simply want Ottawa to get out of the way.

 

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