Economics Explained Why Canada Can't Solve It's Population Problem with Immigration
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Feb 26, 2024 Exploring Canada's population dilemma, the podcast discusses the housing crisis due to limited construction, immigration challenges balancing economic growth and housing affordability, and the impacts of tight zoning regulations on skilled migration for economic development.
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Canada's Population Trap
- Canada faces a population trap from its high immigration: it can't afford to keep increasing nor can it afford to stop.
- This trap threatens to overstretch resources like housing and trigger economic and social challenges.
Housing Demand Outpaces Supply
- Immigration surges sharply increase demand for limited housing in Canada's major cities.
- This demand spike pushes housing prices upwards, worsening affordability severely.
Brain Drain and Productivity Issues
- Skilled workers often leave Canada for better US opportunities, deepening Canada's skill shortages.
- High immigration risks diluting business investment per worker, lowering individual productivity.