this post was submitted on 11 Jan 2024
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Immigration is making Canada's housing more expensive. The government was warned 2 years ago (www.cbc.ca)
submitted 9 months ago by [email protected] to c/[email protected]
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Skuterud, who has been a vocal critic of the federal government's immigration policy, says the benefits of high immigration have been exaggerated by the Liberals.

He said that starting around 2015, when the Liberal government was first elected, a narrative developed in Canada that "immigration was kind of a solution to Canada's economic growth problems."

While the professor says that narrative is one that people like to believe, he notes higher immigration does little when it comes to increasing living standards, as measured by real GDP per capita.

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[–] [email protected] 1 points 9 months ago

This is the best summary I could come up with:

Federal public servants warned the government two years ago that large increases to immigration could affect housing affordability and services, internal documents show.

The federal government ultimately decided to increase the number of permanent residents Canada welcomes each year to 500,000 in 2025, a decision that drew considerable attention and scrutiny.

"Settlement and resettlement service providers are expressing short-term strain due to labour market conditions, increased levels and the Afghanistan and Ukraine initiatives."

Experts spanning from Bay Street to academic institutions have warned that Canada's strong population growth is eroding housing affordability, as demand outpaces supply.

Deputy governor Toni Gravelle delivered a speech in December warning that strong population growth is pushing rents and home prices upward.

Mikal Skuterud, an economics professor at the University of Waterloo who specializes in immigration policy, says the federal government appears to have "lost control" of temporary migration flows.

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