Canada's significant influx of migrants, due to its dense population centers, has led to a surge in housing demand, making housing unaffordable in major cities. The sudden increase in population highlights the challenge of supply not meeting demand promptly. While immigration can boost an economy's output by increasing the workforce, inadequately managed immigration can strain resources, potentially hindering per capita economic growth. Canada faces the risk of stagnation or regression in per capita output compared to its more productive neighbor, the USA.
Canada has gone through a lot in the last 10 years, and one of the biggest problems is the price of housing. Canadian cities are in such a small area of the country's landmass and housing construction has not kept up with the population, so housing prices have skyrocketed. Canada now finds itself in a bit of a population trap, where they can't afford to keep bringing in more people and put even more strain on housing, but they also can't afford not to.
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