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Big Take

Immigration Is Up. Housing Supply Isn’t.

May 1, 2024
14:48
Snipd AI
Bloomberg reporter Randy Thanthong-Knight discusses the housing supply struggles in Canada due to rapid immigration growth. The relationship between immigration and housing challenges in advanced economies like Australia and the UK is examined, highlighting the need for better government management.
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Podcast summary created with Snipd AI

Quick takeaways

  • Rapid immigration boosts Canada's economy but worsens housing crisis, sparking calls for stricter immigration limits.
  • Global challenge of housing shortages emphasized by mismatch between population growth and housing construction rates in advanced economies.

Deep dives

Challenges of Cost of Living in Canada

Moving to Canada for a better cost of living, Akanksha faced unexpected challenges with rising housing prices, forcing her to question the feasibility of settling there long-term. The post-pandemic influx of immigrants in Canada exacerbated the existing housing shortages, leading to affordability issues not just for Akanksha but for many young residents.

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