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Unfortunately you're probably right. Of course, as most people here understand, the economy isn't a zero sum game, so we should be welcoming skilled immigrants
by tempestn 10y ago
Unfortunately you're probably right. Of course, as most people here understand, the economy isn't a zero sum game, so we should be welcoming skilled immigrants and thanking them for adding to our prosperity, not complaining about them buying homes or taking jobs. (Think instead of the taxes they're paying, or the jobs they're creating, directly or indirectly.)
As far as the "making homes more unaffordable" point, I could see the case for absentee foreign buyers who leave the properties empty. It's still not the real problem, but I can understand the frustration, and support initiatives like a tax on vacant property. That's a big difference from someone immigrating to the country and buying a home though! And anyway, what really makes homes unaffordable is lack of sufficient density. Sure, there's a peak where there is simply no more space, but cities like Vancouver are nowhere near it.
- Mikeb85 10y agoImmigration generally increases unemployment in the short term, and is only a job creator in the long term. The question: can Canada absorb enough new immigrants to reach the point where they add to our prosperity before the social and economic issues become too much for us to bear?