Quote:
Originally Posted by belsarius
So it seems like investment in the market, spurred on by excess cash and affordable interest rates drove the problem, not immigration policies.
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Immigration policies have absolutely piled onto the problem.
Just back of the envelope musings. We're bring in what, a million people every 9 months to a year? Canada housing starts have historically been 225,000 to 250,000 per year (good luck trying to bump it 10 or 20% nevermind doubling it). So everything else being equal and assuming no Canadians are allowed to move out or get their own new home, you need all these new people we are bringing in to live at least 4-6 people per home. If you want Canadians to be able to afford new homes and displace these new incoming bodies, you probably need them to cram what, 6-10 people per home just as a bare baseline?
It's such a problem that Trudeau himself explicitly called out immigration an issue that they need to get it "under control", that it's basically out of control right now.