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chemgear · 05-16-2024, 11:04 AM

This should worsen housing affordability some more.

https://www.theglobeandmail.com/inve...ket-questions/

Immigration to Canada surges in April, worsening outlook for housing affordability

National Bank economist Stéfane Marion warns housing affordability woes are set to worsen amid another surge in immigration levels,

The demographic shock is getting worse in Canada. The working-age population (aged 15 and over) rose by over 100,000 in April, bringing the total to over 410,000 after 4 months in 2024. As today’s Hot Chart shows, this represents a sharp acceleration (+47%) on the 278,000 increase recorded in the first four months of 2023. In Greater Toronto, where population growth reached a record 107,000 at the start of the year, the acceleration is 66% compared to the growth seen in 2023. Greater Montreal and Greater Vancouver have not been left behind since the start of 2024, with growth more than double that seen in 2023.

Housing affordability problems could worsen over the next few quarters, as we head for another record year of population growth.”

05-16-2024, 11:04 AM	#12245
chemgear Franchise Player Join Date: Feb 2010 Exp:	This should worsen housing affordability some more. https://www.theglobeandmail.com/inve...ket-questions/ Immigration to Canada surges in April, worsening outlook for housing affordability National Bank economist Stéfane Marion warns housing affordability woes are set to worsen amid another surge in immigration levels, The demographic shock is getting worse in Canada. The working-age population (aged 15 and over) rose by over 100,000 in April, bringing the total to over 410,000 after 4 months in 2024. As today’s Hot Chart shows, this represents a sharp acceleration (+47%) on the 278,000 increase recorded in the first four months of 2023. In Greater Toronto, where population growth reached a record 107,000 at the start of the year, the acceleration is 66% compared to the growth seen in 2023. Greater Montreal and Greater Vancouver have not been left behind since the start of 2024, with growth more than double that seen in 2023. Housing affordability problems could worsen over the next few quarters, as we head for another record year of population growth.”