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Originally Posted by GranteedEV
I think you are making a false causality. While immigration may have a slight impact on demand, the reality is more close to:
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I was challenging GGG’s assertion that immigration has had no impact on housing costs. I didn’t say it was the main factor, but it’s a factor. Experts in Canada’s bureaucracy agree.
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Federal public servants warned the government two years ago that large increases to immigration could affect housing affordability and services, internal documents showl..
"As the federal authority charged with managing immigration, IRCC policy-makers must understand the misalignment between population growth and housing supply, and how permanent and temporary immigration shapes population growth.”
… Experts spanning from Bay Street to academic institutions have warned that Canada's strong population growth is eroding housing affordability, as demand outpaces supply.
The Bank of Canada has offered similar analysis. Deputy governor Toni Gravelle delivered a speech in December warning that strong population growth is pushing rents and home prices upward.
https://www.cbc.ca/news/politics/irc...nada-1.7080376
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Quote:
Originally Posted by GranteedEV
- Gen X who inherited their deceased parents' property being even more greedy by keeping it empty.
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Is Gen Xers inheriting homes and then leaving them vacant really happening in this country at a statistically relevant scale? I’m confident most inherited homes are sold off immediately. And of those that aren’t, why wouldn’t they be rented out for income?