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Immigration and housing costs. What’s the link?

Jan 17, 2024
22:18
Snipd AI
The podcast explores the impact of Canada's immigration policy on housing affordability, discussing concerns raised by economists and the Bank of Canada. It examines the potential effects of a cap on non-permanent residents and the significance of immigration for the Canadian economy. The link between immigration and living standards is explored, along with the challenges of addressing the housing crisis and the impact on international students.
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Podcast summary created with Snipd AI

Quick takeaways

  • Canada's immigration policy is significantly affecting housing affordability, and the influx of non-permanent residents is straining the housing market.
  • The government is facing challenges in maintaining public support for its immigration policy due to concerns about the strain on housing, healthcare, and education.

Deep dives

Concerns about population growth and housing

There is growing concern regarding the impact of population growth on housing affordability in Canada. Experts, including economists and policy experts, have been raising concerns about the strong population growth and its effect on the housing crisis. Internal documents from the immigration department confirm that these concerns were discussed within the government two years ago. These concerns are not limited to experts; even commercial banks and business groups, who usually advocate for more immigration, are now questioning the pace of population growth. The pressure on housing affordability is attributed to the increased demand from newcomers, particularly in the rental market and the buyer's market.

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