Quote:
Originally Posted by Sylvanfan
Id think housing would cool down eventually, but Canada is still a very sparsely populated country with a substantial number of resources. So even if from Edmonton to the U.S. border is where 90% of the population has to live that land can be filled with 80 million people and still not be that dense.
So I don't think immigration is slowing down anytime soon. It's going to continue to stress the housing system...because unlike 125 years ago this is not a lot of farmers who will build their own homestead an. Today these folks are coming over needing a place to live and can only stay with friends and family if they have that in place for so long.
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I don't see how housing cools down with high immigration levels. There is simply too much demand out there plus a big labour shortage.
We're heading towards a disaster economically if the BoC doesn't realize this.