Quote:
Originally Posted by Leondros
Ah, that's a population increase - birth rates, permanent immigration, temporary immigration (student visas, temporary work programs, etc.). Its disingenuous to blame that all on immigration and most of those people would be not in homeownership market (rental for sure).
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I don't think anybody is solely blaming immigration for the housing situation. But all these extra people are going to have to live somewhere and significantly drive up demand for housing.
Housing supply for rental and ownership are not independent numbers. It's the same thing, just different buckets. If you allocate more of the new housing supply for rentals then you're going to cut down the supply for ownership and drive up costs. If you bring in out of control immigration as Trudeau describes, you're going to put sustained upward pressure on home ownership costs for those people trying to buy.