Real Estate News

Internal Documents Warned of Housing Impact as Canada Pursues Aggressive Immigration Targets


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The Canadian government received warnings from federal public servants two years ago about the potential negative impacts of large increases in immigration on housing affordability and services, according to internal documents obtained by The Canadian Press. The analysis by Immigration, Refugees, and Citizenship Canada indicated that housing construction had not kept pace with population growth, and the misalignment between the two could affect housing supply. Despite these warnings, the federal government decided to increase the number of permanent residents Canada welcomes each year to 500,000 by 2025. This decision has drawn attention and scrutiny, with public servants noting the pressure on healthcare and affordable housing, and settlement services experiencing strain.

Housing affordability has become a political concern for the Liberal government, and the Conservative party has gained momentum by focusing on affordability issues while avoiding the topic of immigration. Recent data reveals that Canada's population growth is setting records, with a significant increase in temporary residents, including international students and temporary foreign workers. Experts and institutions, including the Bank of Canada, have warned that strong population growth is eroding housing affordability, pushing rents and home prices upward. Public opinion polls show increasing concern among Canadians about the impact of immigration on services, infrastructure, and housing, leading to a decline in support for high immigration. Finance Minister Chrystia Freeland acknowledged the importance of ensuring housing supply keeps pace with immigration for it to work as a Canadian economic strategy.

Read the full article on: CTV NEWS


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Amandeep Singh
Amandeep Singh
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