Canada's immigration strategy could widen housing shortfall by 500k units in 2 years: TD Economics

[@mickfoley1413]

We need a moratorium on immigration. The housing crisis all happened in the last decade. Thanks JT!

[@ferozkhan8463]

We would be better off ending policies like caps on rental rate increases particularly when those caps are below the rate of inflation which just makes no sense, eliminate a lot of laws that overly protect renters because it's scaring people out of or making them apprehensive to enter the market as landlords. Since a lot of landlords are mom and pop operations they can't wait 3-4 months to get rid of a bad tenant that isn't paying any rent. The entire reason AirBnB's are becoming more and more popular is because of these insane laws/rules. Immigration is helping to drive growth.

[@dgainx8852]

@@ferozkhan8463no

[@shauncameron8390]

@@ferozkhan8463 Exactly.

[@TheNewSchoolGamer]

@@ferozkhan8463 💯 The narrative is the landlords are generally money hungry rich people intentionally exploiting renters but that's far from the truth. The federal gouv and the BoC are pretty much fighting against each other which is inherently counter-intuitive. Their reasoning is beyond me and it's generally making Canadians poorer

[@morimoko]

you want to do that all without cutting immigration? are you mad? I would be okay with all of that if there wasn't a shortage, but that won't change the situation and will only make things much worse.@@ferozkhan8463

[@rachelk8368]

No one should want to move here- land of cold winters and ridiculous cost of living with a government that wants to see you fail.

[@shauncameron8390]

Yet they do, because the immigration laws are looser than the US's.

[@motivationinspirationdream]

500 000 permanent immigrants enter Canada each year. that's why the price of everything is high... What does it mean to be Canadian ? if 80 % of Canadians are immigrants? I went to Ontario recently, it felt like India .... Divide to conquer.

[@faisal-ca]

From a housing perspective, Immigrants and non-immigrants both occupy the same space. Total is 1.7 Million newcomers per year. We accepted 800K international students, about 400K foreign workers and between 400-500K immigrants. It would effect both the sale market as well as the rental.

[@josephsmith594]

Don’t worry, you can find a white rural farming community where everyone looks at you funny if you’re not white. I live in one. I’d move but I can’t afford it. Don’t make the mistake of thinking we want to live near people like you. I can’t afford a million dollar house either. So I’m stuck with you looking at me funny when I buy my groceries, go to the bank etc. I don’t like it any more than you do.

[@JohnSmith-gy8rc]

That's a pretty racist comment, dude.

[@ShitWrangler]

@@JohnSmith-gy8rc That person is wiser to be called a racist than a victim in 2023 going onward. Health is wealth, stay frosty.

[@ayela562]

What you fail to remember is that the majority of you screeching about immigration have a long line of English, Irish, Scottish or Italian ancestors who stumbled off a boat and called Canada home. And each one of those groups resented the next group to come along. It’s not a new story, it’s just tiring that you idiots think you have more of a right to be here than anyone else.

[@faisal-ca]

Comes to 1.7 Million newcomers yearly. 500K immigrants, 800K International Students and about 400K Work permit holders. If the Federal Govt wants to pursue such an aggressive approach then land should be developed on an emergency basis and remove red tape to allow more construction. Economic activity may not be able to keep up with such a large increase though.

[@enitefall]

If you allow more construction and remove unnecessary redtape, the housing prices will go down and hurt the big landlords within the liberal and conservative parties, and their cronies and lobbyists who are behind them. That is why in 1972 the number of errected housing was the same like today, but the population has doubled since and like you mention they are importing record numbers of people nowadays . Also, that will trigger a collapse in financial instruments and derivates that are based on real estate. Actually, there is only one sector of growth and it is the housing market, not the energy. Remove it - and the house of cards of the Canadian economy will collapse. So it is not a flaw of the system; it is by design.

[@faisal-ca]

@@enitefall Very well explained.

[@Hastur876]

@@enitefall The problem is, in most cities, it will cost you $400k just to build a "tiny home" (i.e. a serviced all-weather shed) in your own backyard. We were able to take in huge numbers of immigrants at the start of the 20th century, but only because everyone who came was eventually able to buy a tiny plot of muddy land in the boonies outside of Toronto and build a small home there themselves with the money they made working. These plots were affordable because there was no government there to impose idiotic costs. That's how Etobicoke, Port Credit, East York and so on got built. Today, however, the city government imposes hundreds of thousands of dollars in direct and indirect costs on each housing unit built. And nobody is allowed to subdivide big old downtown houses into tiny apartments like what you see in NYC.

[@keikairin2038]

The 1.3 million immigrants / international students are illegals. Hell some of the work permitted folks are illegal too (fake signed documents). We should be shipping them all back. Universities and colleges don't have the right to tell people they're going to be given citizenships. These institutions should be paying to send them home. Its their fault they are here in the first place. They're just lying to people to fill their classrooms.

[@og_ludachris5611]

What these nomadic invaders don't think about is the difficulty of living in Canada. They come unprepared expecting handouts and step in front of real Canadians that are already struggling. This is absolute criminal.behaviour on the part of government vs its citizens. When the civil war start in the USA may it please spill over to Canada and remove the libtards from power

[@Numenorean921]

when did Canadians vote to allow this many people into the country?

[@shauncameron8390]

Justin's father laid the foundation for it.

[@ericwhitlam7517]

​@@shauncameron8390Stepdaddy everyone knows that the Turd is Fidels offspring

[@matrixripp09]

2015, 2019 and 2021

[@Hastur876]

You probably voted for one of the 2 government parties that says you're an evil Nazi and must be replaced with "racialized" people. Either that or you voted for one of the 2 crazy parties that has an idiot leading it. If you're lucky you got to vote BQ, and apparently rents are still really affordable in Quebec, I wonder why?

[@mendoza4789]

never voted for it

[@jaredvaughan1665]

Immigration in Canada, the UK and others is way too high

[@email5023]

Those countries don't produce enough babies.

[@mendoza4789]

kalergi plan

[@shauncameron8390]

@@email5023 Largely by choice.

[@Gmaneeeee]

Its the WEF. They want to destroy the west. Easiest way to do that is to bring in people from a 3rd world country. You become the 3rd world.

[@intellect1945]

Canadas population increase was achieved primarily due to importing thid world immigration. Tha keeps rents high and wages low.

[@shauncameron8390]

Especially in the big cities.

[@kristinavb4398]

Canada is a third-world country when looking quality of living..the entire population in debt, pensions sucks, no jobs, housing became privilege, horrible climate, high rate of divorces, mental health crisis, seniors can not be intaked in senior housings without long waiting lists, most people is one cheque away from homelessness that is increasing, broken system no more rule of law, greedines and selfishness everywhere, media censorship, totalitarian state since covid, high taxes that ripping you off for ever little , propaganda in schooling system and media, and totally silent population ..no wonder it gets worse and worse

[@shauncameron8390]

@@kristinavb4398 Housing was already a privilege.

[@boratlion8613]

Be specific. It’s not 3rd world nations. It’s INDIAN that accounts for 85% of immigration over the last 5 years. It’s public information and available on government of Canada sites.

[@anthonynguyen1701]

@@kristinavb4398 I am American and it sounds like you are describing my country!

[@nicholasbaker8158]

Reduce immigration and incentivize residential builders.

[@veronicadicerni2479]

Builders need to profit. This can’t happen with high costs and broke customers. Building homes is a business, if government pays we are all paying

[@MrMannyhw]

Government build subsidized housing. And bring less immigrants in. The issue will be fixed. Subsidize housing for older Canadians only. Need to contribute to Canada, so if you live in Canada for 20 years and is working for all these years then you qualify for the subsidized units. That’s fair.

[@ferozkhan8463]

I personally don't think Immigration is the problem in fact it's driving growth instead the issue appears to be bad policies like the rental rate increase caps and laws that pamper tenants such that it takes 3-4 months to evict one for not paying their rent. These rules are literally scaring real estate investors and current/would-be landlords out of the market. About 40% of Torontonians are renters which is the average for a big city like ours in fact in many large cities globally it's even worse.

[@bluejackscanada]

Fero, do you deny gravity exists as well. Lol.

[@KingBuffo]

*ridiculous. And no need to attack others :)

[@boratlion8613]

It’s not immigration. It’s 1 nation mass migration “India”. 800,000 Indians came to Canada in the last 2 years alone. No politician is addressing that 90% of immigration is from India. It’s a LIE that it’s people from around the world. There is no multiculturalism anymore. We received 1.5 million INDIAN immigrants over 3 years when you factor in “student” visas, students who never leave and come here as a back door strategy to become permanent residents. It’s insane how this will completely change the countries demographics to being majority Indians by 2035.

[@abhiruplahiri1]

Second that!

[@EL-kf9vi]

Canada will be INDIA 2.O

[@Quirkydope]

Canada banega khalistan 😂

[@boratlion8613]

Now we have a Indian Hindu PM in UK and same possibly in the US, Canada is next. Good luck to Canada in the future.

[@abhiruplahiri1]

@@boratlion8613 highly likely!

[@spicoli4217]

Absolutely screwed country.

[@lookanabeauti9386]

One major contributor towards the housing shortage is that corporations and domestic foreign investors have depleted supply at an alarming rate. Immigration needs to be managed better.

[@shauncameron8390]

Thanks to bureaucracy that rendered corporations and investors the only entities that can afford to build and own property.

[@seanyoung5397]

Don't forget about all the laundered money from Asia.

[@Hastur876]

Supply is not depleted by ownership. There would be the same number of people in the same number of houses, just different people owning them. And they wouldn't raise rent on the housing if people had the chance to move to cheaper housing elsewhere. Supply *is* depleted by inviting 440,000 immigrants and a further 700,000 international "students" (i.e. TFWs taking a class on MS Word in a strip mall, from a "private college" usually run by an Indian who rents out his homes to these kids at 4 to a bedroom and then gets them to work at his store for minimum wage) every year into a market where there are only 200,000 housing units being built per year.

[@bob3k-ig9sj]

​@shauncameron8390 so whites don't like real estate

[@dixonpinfold2582]

Ok, but what's a "foreign domestic investor"? 🤨

[@Kreygore]

who knew that bringing in thousands of immigrants with no where to house them would cause a bigger housing crisis

[@julielevesque2668]

They are now saying the only way to build more housing is to have immigration but are they living in tents until the building is built?

[@dixonhill1108]

It's absolutely disgusting, all in the name of bailing out the real estate developers.

[@ediddysmith2500]

This is a crime, telling people to come to Canada, but not tell them they will be living on the street, shameful

[@email5023]

But then they wouldn't come to Canada, right?

[@matrixripp09]

It’s called progress

[@mysticnomad89]

@@matrixripp09 it’s called scam

[@forzanerazzurri2339]

Canadians keep voting for it and they richly DESERVE it.

[@josephsmith594]

Voting for what? Did Poilievre said he would reduce immigration? I didn’t hear it, did you?

[@shanly8999]

​@josephsmith594 he did. He said he will stop illegal immigrant unlike trudeau who open borders to anyone. And i dont know you talk about Poilievre.. its trudeau that is currently in the goverment. So he made those policies about immigration.

[@josephsmith594]

@@shanly8999 “open borders to everyone”? “Illegal immigration?” Someone really did a number on you.

[@shanly8999]

@josephsmith594 just google Roxham Road canada border It was literally open border until it was all over the news and thats one example

[@mysticnomad89]

⁠​⁠@@josephsmith594 are you living under a cave? good roxham border. Just a search bruh

[@Mr.Kittles]

I retired from building houses at age 35. When my occupation made me permanently disabled without any compensation or retraining. Workers compensation is fake in Canada. Why would anyone want to endanger their lives by building houses?

[@andresbElSerBiologico]

I used to build too. Fk the banks and their favorism. Building for investors, not Canadians!

[@andrewmccoll1582]

When even the banks are against the Govt on this policy...

[@john_doe_not_found]

Canada's current total stock of housing (dwellings of all types) is about 14 million units. More Canadians are choosing to live single (married people tend to have more people per unit of housing vs single people who generally live alone). This is definitely stressing out housing supply. Add to that immigration and it is clear that 200-250k units built per year is not nearly enough.

[@ricardo9013]

The last time i went on dates i just got sick of spending the money. I was on a budget and couldn't afford to be buying dinners for girls. I would love to have a partner to live with but it's hard to meet people when you don't leave the house much. In my budget i'm lucky to get $50-100 left over for entertainment and it really doesn't go far these days. Couple drinks and a dinner + tips is usually around $100 it just isn't worth it. I can only assume Gen Z will be even more single then my generation

[@dixonpinfold2582]

So easy to create a housing crisis when you destroy the family and every adult needs their own place to live.

[@Jouantiese]

The primary obstacle is supply.

[@Matt-YT]

We can't invest in productivity gains when we spent all our money on non-productive assets such as housing

[@bobmatt1966]

Really? Who would think that adding 500 000 newcomers per year and not building anything close to that number in houses would create a housing shortfall. Liberal math astounds me

[@Hastur876]

Trudeau and Singh don't talk to anyone who doesn't vacation in Davos or work for the WEF. Why do you think any of their policies would be based on the reality faced by working class Canadians?

[@draganbuhanovich6411]

Newcomers from India does not require housing they will settle it self

[@patrisio3]

Here in the U.S., I have been saying ever since 2008 that liberals are weak when it comes to math. Ask a liberal what 1+ 2 is, and you might get an answer of 7 or above.

[@extra2743]

Trudeau should be removed immediately.

[@Ynalaw]

Stop bringing people here!

[@jainathsing1066]

I'm from CANADA 🇨🇦🇨🇦 Ever since i met Mrs Sophia I'm now living big life, she is the best

[@NoorIslam-nq9hn]

Wow really 😊 Please how can I get in touch with this lady?

[@ajaybaghel990]

I remember friends calling me crazy when I started but i now shut up them with my four figure weekly returned

[@udaybhan627]

Who is this professional everyone is talking about I always see her post on top comments on every KZbin video I watched

[@udaybhan627]

Any medium I can reach her. I would really like investing with her and monitoring my trade myself

[@jackjacket1398]

She's not like other brokers that will start telling you stories and excuses why they trade didn't go well after collecting your money

[@BidouLaloge]

Economics only see immigration through the eyes of capital. Yes, it brings more capital to the country and cheap labor. But what about the population who lives there already. Are they really want to sacrifice the livelyhood of canadian born just to maintain the system in place? Housing is expensive, food is expensive, high taxes. Sure Canada was built on immigration but not at that scale. This is insane. I see neighborhood change completely in 10 years or so. At that scale, immigrants cannot integrate into the culture present. This result in gangs wars, povrety and lack of social cohesion.

[@davidt6830]

High cost of real estate often keeps capital tied up that would otherwise be used for business growth, as well as research and development.

[@edwardkwok7279]

I believe it was a deliberate action from our government to let so many new immigrants coming in. The plan is to push the housing price even further. When most highly ranked in our government are wealthy people owing properties on their hand, they will never want to see the housing price comes down. In addition, there are pressures from realty companies and financial institutions to keep the housing price going up, so that they will not earn less of suffer any loss.

[@baseline6786]

Iiberals do it for votes

[@StayCallm]

I’m a working professional making over $100k trying to find a place to rent and there’s always 7-9 competing offers. I’m at a boiling point. It’s time to talk to an immigration lawyer next week to move to the US.

[@brucewayne3892]

That's cus you only make 100k Everyone and their mom I know makes 100k these days

[@shauncameron8390]

@@brucewayne3892 Only 11% of Canadians make 6-figures.

[@brucewayne3892]

@@shauncameron8390 yeah officially. So many people under-declare their income. Including contractors and anyone that work for tips

[@Jouantiese]

Nonsense@@brucewayne3892

[@user-xu6bt7gn4x]

No doctors for them to go to either. Canadian citizen all my life and I can’t find a doctor

[@-doctor_ji]

search for medical tourism on google

[@TURBOINTEGRATYPER]

I have no doctor as well. 10 years and counting...

[@jeycalc6877]

If I were prime minister, I would cap refugees to 100 a year and legal immigration to about 80k instead the current lunatic liberal number of 1.7 million a year. I would prioritize doctors, nurses, trade workers, and any profession that are in serious need. Keep in mind when you bring in just one person, that means they require a doctor, specialists, nurses, teachers, housing, transportation, more waste, more infrastructure, and many other things are needed. you multiply that by 1.7 million a year and it's a nightmare right now. Currently not only do we not have a large enough construction industry, many have stopped building due to housing and borrowing money being too expensive. What's rent going to look like in a few years starting 3k for a small one bedroom apartment?

[@TimScott-x2d]

we have ruined thousands of lives and just talk about out like "a short fall" no its ruining our society and need to start talking about it that way

[@DjDiemonte]

guy nailed everything.

[@daniellegurr6075]

Kicking Canadians out of our own country.

[@luclachapelle3499]

In 2000 UNESCO estimated the world's need for new houses to be at 4,000 per hour Here in Quebec our beloved government just recently increased the " Duties on Transfers of Immovables " ... just to make sure they get NOW a bigger piece of the pie

[@vit8250]

Raising interest rates doesn’t help the housing shortage as it makes it more expensive to build.

[@bluejackscanada]

They raised interest rates to slow demand. This demand causes prices to go up ( inflation) Go pick up an economics book .

[@bluejackscanada]

Wow!!! Go read about supply and demand. Learn the relationship between low interest rates and inflation. Unfortunately 3 dummies agreed with you. Dumb leading the dummies.

[@Ash-hz7nc]

stop immigration - reduce wage supression - bring in top notch research scholors not the unskilled or mid skilled one as per current model. vote for PP to save canada.

[@quixomega]

The productivity issue isn't due to workers being less productive. It's because we have an increasing number of nonproductive citizens (retirees).

[@brightlight3520]

So thusly we have to bring in millions of working class people to support the growing social security pyramid scheme and keep those OAS and CPP payments flowing!

[@jb-vz4wb]

I disagree, I think people are getting less work done for sure. Having more early retirees and unemployed people is part of it too though

[@cavelleardiel]

Lots of students who will only be working part time if at all

[@r.t.7925]

HELOC users don't have to work hard :)

[@kmm1863]

refugees too

[@paulgram3967]

There is no planing what so ever,,, very irresponsible way to do things,,

[@freeflowtrader]

I’m purely doing this argument based off CPI With population increase price are supposed to go down due to massive productivity and automation. No one ever trying to see if there’s companies miscalculated amount of people that are supposedly buying stuff so they didn’t bother to ramp up the productivity for things which people wanted to buy. There’s several reasons why Canada had inflationary issues, it’s because most of the stuff we had are imported goods, so by telling other country to suit according to our need is harder than trying to make it ourselves, we’re not even good at making things ourselves either The question is do we import or do we make it ourselves? If we import we have to make sure the stuff we import have higher quality and less cost, if we make it ourselves we needed to make sure people actually wanted to buy our stuff so it doesn’t end up on shelves. Which all of it are deeply deeply connected with how our ties with other nations(apparently import export have feelings) Most of the inflationary people are concerning about are milk, and consumer grocery stuff, Canada can’t even do milk , and then there’s housing, one of the biggest landmass in the world can’t do housing. North America wise, making stuff is kinda expensive without the automation and robots, I have yet to factor in how inefficient three of the North Americas governments are(most government are inefficient to begin with) Maybe this is reason why sometimes it’s better off being all market no public, some of the public work are quite shameful

[@freeflowtrader]

By factor in a on-site population growth perspective that may gdp could at least up 0.005, then do a bit more on encouraging spending on things that matters we could of seen something like 0.04% gdp, maybe 0.05% on a good sentiment

[@freeflowtrader]

Some people might argue that there isn’t enough savings in population, there’s plenty of savings on higher income bracket, they supposed to spend more buying up equipments to up the productivity, lower income brackets are supposed to find ways to save without resulting in credit card spendings, this is the right way to do things. Worrying about automation takes over is least amount of concern when the entirety of the nation are lagging behind in every single sectoral aspect. “We’re losing jobs to robots…”no entire country is losing jobs to other countries that has robots, then entire country is losing everything just because overall looks extremely bad.

[@sizzlacalunji]

My question is why are we hearing from these experts but not from those who can effect the change through a meaningful discussion on the matter vs grandstanding? In my 3rd world country the housing minister and some expert and possibly an opposition member would have sat down for an interview to discuss the problem and how the country will move forward. Even in parliament they would have debate about it, questioning the gov about what it is doing. Why? They fear people forming a movement and having mass protests about it. A right Canada clearly has forgotten about during this fundamental issue of shelter.

[@privacyhelp]

canada is 3rd world country

[@robincherian3059]

They should allow only citizens to buy houses. Especially in Ontario and BC. This will make sure new immigrants will move to other provinces. Currently, even ppl with cubec immigration moving to Ontario ...

[@shauncameron8390]

Quebecers are moving to Ontario due to language politics, not high costs of living.

[@wunkah]

Maybe adapt that thing the us did on certain countries immigration wise like putting an indefinite hold certain countries that has already poured a lot of people from said countries.

[@wc4109]

It may be difficult to build housing quickly, but major part of inflation is supply & demand.... Food prices too high? Grow more food! Increase the supply equation... that will also damper inflation... Can't just keep jacking up interest rates, BOC should know better...

[@beautanner8409]

Can we point to some specific instances in Canada's history that have been defined by housing shortages? I can think of one or two candidate periods, but I don't think our history has been defined by this.

[@smwk2017]

You are talking about affordable housing. If you have money, I am sure that you can fine some place in the city.

[@beautanner8409]

Huh? They were saying Canada has been long-known to be a place with a shortage of housing. I'm asking when this was.@@smwk2017

[@maples78]

Change taxes to Land Value taxes so you incentivize more density!

[@shahier81]

Not sure how immigration alone is the problem. Did immigrants pay 70-80K over asking price for houses to drive the prices higher during pandemic? Did they use the pandemic covid relief money to purchase properties in smaller cities and enslaved them into paying their mortgages by outbidding them in their own cities? Why is no one talking about people using real estate as investment. It is so rampant and has grown like a disease in every city. How is an immigrant going to add to this problem when they are actually going to make a city their home. Work there, pay taxes there, spend in their community and over time purchase a house in the city where they live. This is not the case anymore. At this point use if real estate as an investment is the biggest problem adding to this housing crisis than any other problem. Also you can check the report done by cbc that pulled data from statscan and it said that 86% of of the condos were owned by INVESTORS in 2020. That is an alarming and an ever growing number and no one is looking at this.

[@r.t.7925]

More people - more demand for housing and everything else. No demand no speculation

[@shahier81]

@@r.t.7925 More people = more taxes for the government, taxes can be utilized better to build hospitals, schools and create more jobs. Same taxes also help people with disabilities and will pay pensions for the seniors that you will receive one day as well. More people more businesses and more growth for the city they choose to live in. Same people can be incentivized to move into smaller cities to promote growth of business. Just like there is province based immigration now. What incentive is there in investors squeezing out people from their own local market. Greed? More money for their children? How is it helping the locals? My point is control this cancer that is so rampant. They will not go anywhere now because they have squeezed out everyone. They are more reliant on international students now as neither the locals or immigrants can afford to pay their ridiculous mortgages. They are building illegal rooms and putting in 2 students in 1 bedroom so they can afford to pay their mortgages. Most of the locals in smaller and larger cities have been squeezed out of purchasing a house regardless of whether you live in big or small city. If you really need to control demand pass some legislation making it illegal to purchase investment property outside of your regions you will see how the housing bubble will deflate in matter of months.

[@r.t.7925]

@@shahier81 I do agree with all your points, however, the people that own the assets are dictating the rules - hence no such legislation will take place :)

[@bluejackscanada]

You are really searching for a way to change mathematics. More people = more need for housing.. Not that hard.

[@bluejackscanada]

More people = more urban sprawl, more slaughter plants, more factory farming, more land fill dumps. Sounds lovely ❤️

[@saacid1645]

Absolutely brilliant

[@locholoco]

invest in subsidies for large rental projects like in the 70s : 30 story buildings in chunks of 3 as a single unit with security and amenities-- hopefully in mid size cities and improve transit infrastructure (not highways) so you can live ang go to work

[@dixonhill1108]

This crap never works, it always creates more problems than it solves, the most obvious one, creating high crime rate ghettos, where violence causes people to flee creating an even larger ghetto in those projects ghettos. Rome wasn't built in a day, and it was a dumpster fire shat hole filled with houses made out of bamboo. A modern city needs to be built gradually over time.

[@newlife956]

There is no use talking about increases in productivity as long as that productivity is not incentivized by higher wages.....Canadians have been pushed too far as it is.....and now it's time for higher wages and LESS push to be even more productive.

[@JonathanRogler]

No shit. Basic Math.

[@karld1791]

Canada needs to give immigration points to construction workers and building architects. Get immigrants who can build homes.

[@geoffbremner193]

yes, if youre gonna come here, build your own house and learn english

[@coldpizza292]

Whats the point of bringing construction worker when there is no building permit issued? Canada does not lack in construction workers

[@karld1791]

@@coldpizza292 yeah, it’s likely getting permits is the bottleneck.

[@Chima4289]

What mean “could widen”housing crisis? We know that Government needs to consider… Did they consider where people gonna live, or do we have enough medical professionals to service all these extra people ?

[@mqii]

How much of the new immigrants are coming over to support the supply of the housing market?

[@BigWhite002]

welcome to Canada where nothing is affordable

[@shauncameron8390]

Not for as long as you insist on living in Toronto or Vancouver.

[@BigWhite002]

@@shauncameron8390 the plan is to move either north of BC or head to Alberta

[@danielwilliams1748]

That is the best understanding of how the economy works that I have ever heard.

[@Anasta43]

Who can travel now, who can afford rent, who can afford a home? Yes as a senior who can eat healthy food.

[@karentoffan7027]

Healthy food is actually cheaper than processed. Fruits & vegetables aren't expensive and Bulk Barn is economical for all sorts of healthy grains, nuts etc.

[@jameslascelle9453]

Come to Saskatchewan we have so many empty houses. I’m 24 years old and have bought so many abounded houses and fixing them up. Come to the Battlefords (my city). There’s so many job vacancies here for low skill workers and rent is cheap! There’s literally no excuse to have almost our entire population crammed into 2 regions (Vancouver and Toronto)

[@shauncameron8390]

There is an excuse. Vancouver and Toronto are the only places in Canada deemed worth living in.

[@weirdshibainu]

This is all by design. The U.S. has a huge housing shortfall..so what's the answer? Unrestricted illegal immigration running into the millions per year. Australia is suffering the same fate. When you have multiple countries embarking on the same insane policy, well... it isn't coincidence.

[@mendoza4789]

kalergi plan. notice israel doesnt have these policies.

[@Karmazov]

They are talking about the housing shortage but what about the jobs? Where are the jobs for the immigrants? The lack of jobs and the housing shortage is a disastrous combination.

[@shauncameron8390]

At Timmy's, Mickey D's, etc.

[@adventurefitnessescape700]

Stop the perjury. Nothing but usary and extortion

[@kevinbarr9933]

What I am seeing online is a vast amount of people leaving Canada, I feel sorry for Immigrants sold on coming in when Rental for a 1 bedroom is over 2 grand. And, rental availability is approaching 1%to .5% in big cities. It's just not fair to promote Canada and invite the people in without warning there is a State of Emergency problem housing crisis in Canada.

[@troyzieman7177]

I agree that this is a no brainer you cant bring in people if you dont have housing . Its important too not blame the immigrants themselves. It is the fault of the governnent . Se need to encourage the development of other areas in Canada beyond the current high density urban areas . Its a huge geographical country yet everyone flocks to a handful of areas

[@shauncameron8390]

Namely the GTA and Lower Mainland.

[@palestinelucas]

All the investors who have money which most Canadians don't love this news and they want interest rates to go down as well so their profits can go crazy

[@Mehmed317]

You have no idea what you are talking. Without investors nothing would be built. It’s people who take risks, took us to moon and mars. People who sit on their ass like you and complain I have nothing to say to.

[@shauncameron8390]

Those investors you're crying about are the reason why anything is built at all.

[@jz12390]

Imagine if this continues for 5 more years..

[@jonathanbelanger6574]

Its not a problem for apartment building owners, theu simply triple the rent and have 6 students living in a 4 and a half , its all about money

[@intellect1945]

Immigration helps slum landlords, jail wardens, lawyers and judges, social workers and police officers

[@daggggy]

And English teachers

[@jackofalltradesmsm]

Yes!! 3rd world canada thats what we want

[@bcc5084]

Thanks Turdeau

[@x87alpha1]

So first of all, what creates inflation is NOT when people are spending. It's when the money they use to spend was "free money" at some point. Meaning, that it got printed or made up somehow, making it less valuable. And the bank of Canada are not trying to reduce the spending, they're draining the "free money" THEY printed recklessly out of the economy. I'm tried of people sugar coating these two economics 101 concepts. Let's start saying things as they are.

[@sanaanimtiaz3897]

a person who owns a house gets mortgage more easily than someone who is buying for the first time is the problem

[@backwooddesignco]

Geee… who could have predicted that 🙄

[@neilirvine7129]

They're mixing up a lot of issues here. First, just because immigrants are less productive than locals isn't a bad thing. It still grows the economy and in the long run, both them and their children can be integrated and made more productive through the right policies, including education. Commentators have talked down people who work in low skilled jobs like Uber driver or construction, but guess what? They are actually doing something. It's amazing to me that in some parts of the world, immigrants are "lazy" and "living off social benefits" - but somehow our problem is that they're working their butts off for us?!? By the way, if we were serious about short-term productivity gains, we should speed up foreign credential recognition. This would allow those with skills to use them right away. Second, we pretend the federal government has control over housing supply, which they don't. This is controlled by provinces and municipalities. These levels of government have intentionally kept housing supply low. For example, the City of Toronto has 1/5 the population density of Paris and 2/5 the density of New York. Most nieghbourhoods in Toronto are depopulating and the people-per-household ratio has gone from 2.64 in 1996 to 2.41 in 2021. We literally have more housing per person every year going back decades. Add on top that more than 20% of houses in Ontario have more than five empty bedrooms. I often hear that this is because there is "no demand" for anything beyond what we already have, but based on prices, it's more likely an artificially held-back supply (which could be built by those "low-skilled" immigrants we complain about). Finally, there is an assumption that immigration is somehow ruining our economy, but... 22% of Canadians are hitting the retirement age in the next decade. Keep in mind that usually only around 50% of a population is working age (others are children, students, or already retired). So that 22% of population is more like 44% of our workforce! This works out to around 850,000 people per year (if we assume no one retires early!) So you were wondering where we got that number of needing 500,000+ people per year? It's actually low. I think it's worth pointing out that the majority of these problems are our own creation. We create a narrative for ourselves that we're better than everyone and nothing needs to change... then when we run into problems, we blame people who had no role in creating the situation and who increasingly have other options. Canada has lots going for it and there's a reason people want to come here. It's a rare peaceful place which integrates people with respect. We will continue to be a great place to live. But boy do we make our own problems - if we would accept foreign credentials and more housing, we could be so much better. Imagine what a city like Toronto could be socially, economically, culturally, globally if rents were $600 a month for a one bedroom.

[@bluejackscanada]

More urban sprawl, more factory farming, more slaughter houses, more pollution. Awesome!

[@HWEspana]

There’s no demands for more than our current housing supply? you’re living in LaLa Land. Lowering immigration levels and increasing housing supply is the only way forward

[@rickboer7715]

Cut down on immigration if there is a shortage of housing that's not racist it's common sense

[@luisfernando5998]

I am a rich guy if I buy some remote land on canada and build cheap houses will y’all buy it and make me even richer ?

[@edwarding4355]

It's also hurting the people who already live here just as much, even more so. It only takes one person to push at the back of the line to make everyone in front to feel it. It is going to cause political problems.

[@rok1475]

The difference between economists and astrologists is that former have fancy formulas and graphs and latter have crystal balls. Both are just as good in predicting the future.

[@InvestInFrench]

How new immigrants can afford a 2M$ house??? while canadians can't anymore ....

[@email5023]

Most regular immigrants are rich. Maybe some can.

[@InvestInFrench]

@@email5023 Some of one area especially but other parts of the world are not, even if they come with £ or €... :(

[@Moonmaster85]

Whattttt do these 500k liberal voters coming here not know we are in a climate crisis??

[@thepaintedlady4637]

Whilst I believe the housing crisis is a multi-factoral issue, increasing immigration targets is going to guarantee that worsenig of the rental crisis is imminent. It's already happening, and there's no end in sight. What is the endgame here - mass homelessness and more tent cities? Shanty towns? Where are people going to live if rents keep rising - there comes a point where rents start passing what low to average income earners can actually pay? Many renters are already are paying 50-90% of the income towards housing, it is INSANE! The Libs are out in the next election, they failed not only to recognize the problem looming and plan for it, and rents have more than doubled under their watch. This is gross negligence and failure.

[@stephenmacdonald4005]

The Canada Pension Plan investment fund is invested in real estate. The federal government wants higher rents and housing costs.

[@stephenmacdonald4005]

Canadian pension funds held $278.7 billion in property assets in 2019, up 4% from 2018, according to the Pension Investment Association of Canada, making them the country’s largest real estate owners. “We’re looking for buying opportunities,” said Hilary Spann, Head of Americas, Real Estate at CPP Investments, which manages $456.7 billion. CPP’s real estate portfolio generated 5.1% return for the year ended March 2020. - Reuters

[@MarianoCiancone]

The goverment needs to reclssify housing as infastructure.

[@LSnew1224]

The issue is not inmigration. Canada has enough land to accomodate everyone coming in. It is the red tape on construction thats holding construction back. If policies do favour construction and essential housing is built, this crisis will vanish. Stopping immigration will only worsen the problem because the amount of retirees are increasing where as more younger work force is needed to support these retirees plus the birth rate is so low its not helping either.

[@shauncameron8390]

Because Canadians have gotten too hedonistic and self-absorbed to make babies.

[@bobfaam5215]

Birth rates are much low everywhere in the world . Asian birth rates are much worse than Canada . But they don’t have mass immigration . Birth rates are falling in all countries of the world

[@dang7716]

Who would have thought????

[@ke0kie]

How can Canada be a great place to live…if there is no place to live?

[@harinderbhandal4400]

I am developing small piece of land it is 2 acres Its take 3 years long process in city hall

[@Marc-ps9dn]

The problem also resides with companies themselves, every professional entry level job you look at, say the advertising industry or marketing industry, for "Entry Level" mind you, they are looking for someone with 4-5 year's experience for a jr. position with 40k entry salary. Now someone with that amount of experience coming from another ad agency so to speak isn't going to take that entry level position with that amount of experience unless they are desperate for change. I have seen posting's sitting there for month's on end as there isn't a real urgency for the agency to hire someone. So my question is, how can you have a productive per head capita when companies are partly to blame for NOT hiring someone with a 4 year BA in the specific thing they trained for or a 5 year Master's for this entry level position even worse for college graduates? If companies are unwilling to train like they did in the past within the country itself, how is hiring someone outside the country, who may not speak English or understand our market need's going to help? Company's need to start training like they did 30 or 40 year's ago and not expect someone to have that experience right outta the gate. I can't tell you how many time's I've seen this!

[@darrensanders653]

Not just Canada’si it’s Australia’s to

[@redman958]

Can we make Canada... umm Canadian again?

[@ANDREWROSS-s5b]

There is no more quality of life in canada anymore. I can't even dream of a house in BC. Even renting is becoming unaffordable. May jesus save canada. I feel our beloved country is falling.😢

[@DanielH874]

I'm for immigration but the housing and infrastructure needs to accompany the increase in population. That is not happening right now. I'm a 3rd generation Canadian. Both sets of grandparents immigrated from Germany in the 1950's. Shutting the door is not the answer. We would have negative population growth if it was not for immigration.

[@shauncameron8390]

Yes it is.

[@Jouantiese]

Yours is the most sensible, balanced response I`ve read in along time.

[@bobfaam5215]

Immigration need not be stopped but controlled . 1.5 million immigrants per year is too much

[@qifridek]

Increase interest rate equals less new construction, therefore higher price. With mortgage going up due to interest ratez everything goes up Interest rate here DOES lowee demand, but the issue is that it also KILLS the supply. So Bank Of Canada hurt more families than anything else. I would take a 9% inflation on grocery instead of a 30% mortgage increase anytime. Imagine, would you worry if your toothbrush triple in price? I mean... You buy 1 every 3 months or so. So instead of 1$, its 3$. Okay... But instead, we prefer losing 1000$ per month due to bank of Canada interest hike. Its up 30% on an expense that people use a third of their earnings.

[@nikopoulos5241]

Just have an infinitely expanding population of arabs, africans, indians. What could go wrong?

[@mendoza4789]

just look at india, africa and the mid east, ya what could possibly go wrong

[@armindapereira4433]

How can young people can buy houses of 1 million dollars? even if they buy it they won’t be able to pay it. I wouldn’t be surprised people start leaving Canada.

[@ariusmaximilian8291]

didn't see that coming...

[@deeds2668]

There's housing for immigrants if they are high income earners, but it will push out regular Canadians. Who, in turn, will push out low income earners from affordable, habitable rentals. The average lifespan of someone who can't escape homelessness is 5 years. I guess everything will balance itself out with higher quality workers. It seems like its always been some sick colonial social program.

[@christofire75]

Build the infrastructure first before you open the flood gates. Not enough housing and the cost is so high 15 people are living in one house. Canada is a lost cause now. I’m saving to leave it behind. Any country is better than this one.

[@rapmamori4136]

Same in Australia. We’re buying a house for months now and we always lose to foreign investors who didn’t even live here. Btw im also an immigrant.

[@tharzan86]

don’t bring over 1.2 million immigrants and international student

[@jaymar1615]

Wasted 8.5 years of building opportunities treaudo...you knew it was needed you didn't get on it at all

[@GreenBeanGreenBean]

housing is a municipal and provincial issue..........easy to see how you miss the mark entirely.

[@jaymar1615]

@@GreenBeanGreenBean you are the one who has been tricked into believing that

[@GreenBeanGreenBean]

@@jaymar1615 plz tell me how many building permits for housing the federal government issues. Case closed. Protip: the answer is 0.

[@jaymar1615]

@@GreenBeanGreenBean all 3 levels of government are to work together from the head down you turkey.....thats why we have a federal housing minister a provincial housing minister and municipal level housing reps......WAKE UP.....the freaking feds have opened the gates to millions of immigrants during a time of housing crisis they offered pandemic support to the wrong crowd that took that money and rammed it into investment properties they encouraged homowners to borrow against their existing mortgage again causing massive stimulus to the housing markets....in 2021 boomer parents " gifted" adult children over 10 billion in ontario alone to pump up housing ....now we the tax payers at the request of the liberal government offered AMORTIZATION EXTENSIONS OF UP TO 90 YEARS FOR MASSES.....when the could have let the market correct instead kicking the can down the road again.....oh boy you needed this wake up call 📞 from me ......I bet you still think the feds have nothing to do with it..dumb assss..

[@Kblueprint]

More people = more tax as well as housing gst tax rent tax employment tax spending tax debt intrest capital ... To cook the stas for election day Sorry the people are saying what? Its not the prime minister issue The problem is actually jobs in the suburbs rather than housing

[@DarkMeyer777]

I guess rest of the world, developed cities like Sydney, Singapore, facing same issues. 1. Developed city - low birth rate due to high cost of living and higher educational level 2. With higher educational level, blue collar jobs have plenty of gaps 3. Government open up doors for immigrants to fill up blue collar jobs 4. cost of living goes even higher due to increased demand for houses, transport, (basically resources) 5. existing people feel the squeeze even more - back to point 1. The cycle repeats. Eventually, there will come a time where the city will have majority immigrants. The government do not care as it is in their interest as these new immigrants will vote for them, thus they will remain in power. Sure enough, this will increase property prices etc but who benefits? those at the top of the food chain who so happens to be the elites and the ruling parties. The common native folk suffers. For these immigrants, even though life is tough in the city, it is way much better than living in their "developing country" where they may not even have a job opportunity.

[@shauncameron8390]

1. Also easier access to money and higher-paying jobs. With cities having only so much space to designate for inhabitation.

[@JA-mq9ti]

Quality of life especially in Toronto, is terrible...

[@ironhammer4095]

Its a PAY shortage. Pay the workers a better wage and you'll get people applying.

[@shauncameron8390]

Not really as Canada has a major household debt problem due to too many Canadians living beyond their means and being lousy with personal finances.