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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Not only do the great majority of immigrants move to a handful of major cities, native-born Canadians themselves are vacating the rural hinterlands. Canada is becoming more, not less, urbanized. The plan seems to be for Canadians to cluster in 5 or 6 major cities of 5-15 million people each, while Northern Ontario, the prairies, rural Quebec, etc. are depopulated resource farms.
The problem is especially acute in Toronto and Vancouver, neither of which has much room to grow. Southern Ontario is a narrow peninsula, already as densely populated as much of Europe. I can’t see housing prices coming down substantially with that kind of population pressure.